The import of granite, porphyry, basalt, and sandstone to Argentina fluctuated significantly from 2013 to 2023. In 2013, imports stood at 3.287 million USD but decreased sharply by 22.09% in 2014. Over the following years, values hovered around the 2 million USD mark, with a notable decline in 2020 of 16.08%. This downward trend reversed slightly in 2021 with a 15.68% increase, and further small gains were observed in 2022 and 2023, finishing at 2.429 million USD in 2023. The Compound Annual Growth Rate (CAGR) for the last five years was 1.03%.
Future trends point towards modest growth. Forecasted data suggests incremental increases with a five-year forecasted CAGR of 0.81%, projecting the import value to reach 2.548 million USD by 2028.
Future trends to watch for:
- Global economic conditions that may impact Argentina's import capacity.
- Changes in domestic demand for granite, porphyry, basalt, and sandstone.
- Potential trade agreements or tariffs affecting import costs.
- Advancements in alternative materials that could substitute these imports.
