The import value of diodes, transistors, and semi-conductors to Argentina in 2023 stood at $49.605 million. Over the last two years, the year-on-year variation showed a steady but modest increase, with values rising by 1.89% in 2022 and 1.82% in 2023.
Looking at a longer time frame, the sector experienced significant fluctuations from 2013 to 2018, reaching its lowest point in 2016. A noticeable recovery occurred in 2018, driven by a 37.91% year-on-year growth. The Compound Annual Growth Rate (CAGR) over the last five years has been relatively stable at around 0.23%.
Forecast data from 2024 to 2028 anticipates a steady growth, with a five-year CAGR of 1.41% and a total growth rate of 7.24% by 2028. This indicates a slow yet consistent rise in import values for the coming years.
Future trends to watch for include potential impacts of global semiconductor supply chain disruptions, changes in Argentina's economic policies towards technology imports, and the increasing adoption of advanced electronics in various industries which could drive higher demand.
