Importation of Electronic Integrated Circuits and Microassemblies to Argentina has shown a significant downward trend from 2013 to 2023, plummeting from USD 518.84 million to USD 151.28 million. The year-on-year variation shows a declining pattern with intermittent minor recoveries. Notable declines were particularly seen from 2016 to 2018 and a minor rebound in 2021, though overall, the compound annual growth rate (CAGR) has remained negative over the past decade, specifically at -2.01% over the last 5 years.
Forecasted data from 2024-2028 indicate a continued reduction in imports, with an estimated 5-year CAGR of -3.33%, leading to a total decrease of 15.58% by 2028. This forecast suggests a persistent weakening demand or potential shifts towards local production or alternative technologies.
Future trends to watch for include:
- Technological advancements and their adoption rates in Argentina, potentially influencing demand.
- The impact of economic policies and trade agreements on the microelectronics market.
- Growth in local manufacturing capabilities and shifts toward self-reliance in electronic components.
