From 2013 to 2023, the import of refractory ceramic constructional goods to Argentina has shown significant fluctuations. In recent years, however, the trend has stabilized with a slight upward movement. In 2023, the imports stood at 26.669 million USD, representing a modest year-on-year growth of 1.14% from 2022. The last two years have seen a steady increase, indicating a recovery in demand. The CAGR over the last five years (2018-2023) averaged at -0.91%, reflecting overall stability with minor fluctuations.
Forecasts from 2024 to 2028 indicate a gradual increase in imports, with a forecasted CAGR of 0.91%. This suggests steady but slow growth, with the market expected to reach 28.244 million USD by 2028, showing a cumulative growth rate of 4.61% over the five-year period.
Future trends to watch for include:
- Potential impacts of economic policies on imports and trade regulations.
- Advancements in refractory ceramic technologies that could influence demand.
- Market dynamics in construction and manufacturing sectors driving import volumes.
- Global economic conditions affecting overall import capacity and pricing.