The import value of electric cooking, grilling, and roasting equipment to Argentina stood at $41.928 million USD in 2023. Over the last two years, the imports showed a year-on-year increase of 2.98% in 2022 and 2.84% in 2023. The observed compound annual growth rate (CAGR) over the last five years (2018-2023) was 2.93%.
In the longer period, from 2013 to 2023, the imports demonstrated a general upward trend despite fluctuations, rising from $27.129 million USD in 2013 to $41.928 million USD in 2023. Going forward, the forecast indicates further growth, with a projected CAGR of 2.12% from 2024 to 2028, leading to a forecasted import value of $47.969 million USD in 2028, reflecting an 11.04% overall increase over five years.
Future trends to watch for:
- Economic and political stability in Argentina, which can impact import levels.
- Technological advancements and shifts in consumer preferences toward energy-efficient cooking appliances.
- Potential trade policy changes and tariff regulations.
- Global supply chain disruptions or improvements affecting import logistics.
