From 2013 to 2023, Argentina saw a significant decline in the import value of electronic printed circuits, from $59.091 million to $18.563 million. This represents a substantial drop, primarily witnessed in the initial years, followed by smaller year-on-year variations indicating a plateauing trend. The year-on-year percentage variation in 2023 was -2.9%. The CAGR for the five-year period ending 2023 stands at -1.96%, reflecting consistent contraction.
Future forecasts from 2024 to 2028 continue this downward trajectory, predicting a 5-year CAGR of -2.69%. The import value is forecasted to decrease to $15.669 million by 2028, reflecting a further reduction in demand. The overall 5-year growth rate is projected to be -12.73%.
Trends to watch for:
- Technological advancements, which could lead to an increase in local production of electronic printed circuits.
- Changes in trade policies or economic conditions that might impact import volumes.
- Potential shifts in demand within the electronics sector that could stabilize or reverse the current declining trend.