The import of optical, photo, technical, and medical apparatus to Argentina shows a fluctuating trend from 2013 to 2023. The value in 2023 stands at $1.973 billion. Notable yearly variations include a decrease by 3.42% in 2014 and an increase of 12.11% in 2015. Recent years have seen stable growth, with a year-on-year increase of 2.17% in 2023. Over the last five years, the compound annual growth rate (CAGR) is 2.75%.
Looking towards the future, forecasts from 2024 to 2028 anticipate steady growth with a 5-year forecast CAGR of 1.51%, culminating in a 7.76% total growth by 2028.
- Watch for technological advancements driving higher demand.
- Government policies impacting import regulations could influence growth.
- Global economic conditions and currency exchange rates may affect import values.