Based on the forecasted data, the import value of contact lenses to Argentina is expected to decrease from 1.3922 million in 2024 to 1.178 million in 2028. This represents a year-on-year decline, with the values dropping consistently over the five-year period. Compared to 2023, where the import value was higher, the forecast demonstrates a negative trend.
Annual percentage changes highlight this trend more clearly: a decline from 2024 to 2025, from 2025 to 2026, from 2026 to 2027, and from 2027 to 2028. The compound annual growth rate (CAGR) over these five years would show a consistent average yearly reduction.
Future trends to watch for include potential changes in local manufacturing capabilities, shifts in consumer preferences towards alternatives to contact lenses, economic policy changes affecting import tariffs and rates, as well as advancements in technology that could lower the need for imports by increasing domestic production efficiency.
