The import volumes of marine propulsion diesel engines to Argentina have shown significant fluctuations over the past decade. In 2023, the import volume stood at 195.16 thousand kilograms. The last two years indicate a year-on-year decrease of 0.72% in 2022 and 5.91% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years leading up to 2023 reveals an average annual decline of 8.33%.
Future forecasts indicate a continued decline in imports, with the volume expected to reach 130.53 thousand kilograms by 2028. This forecast spans a negative 5-year CAGR of 6.32% and an overall reduction of 27.86%.
Future trends to watch include potential changes in Argentina’s marine industry, advances in diesel engine technology, shifts in global trade policies, and the impact of environmental regulations promoting alternative fuels.
