The import of undenatured ethyl alcohol to Argentina showed significant variability from 2013 to 2023. In 2023, the imports stood at 15.765 Million US Dollars. After a sharp decline in 2014, the value saw large growth spikes in 2016 and 2017, with a peak increase of 305.08%. The following years presented less dramatic changes but overall positive growth, culminating in a 5.2% increase in 2023.
- Recent two-year variations: - Year-on-year growth in 2023: 5.2% - Year-on-year growth in 2022: 5.61%
- Five-year compound annual growth rate (CAGR) from 2018 to 2023: 3.32%
Future import trends show a steady increase, with a forecast CAGR of 3.6% for the next five years, indicating a stable growth rate.
Future trends to watch for include potential shifts in global ethyl alcohol supply, regulatory changes, and domestic production capacity in Argentina, which could influence these projections.