Analyzing the export data of baked bread, pastry, and wafers from Argentina reveals a consistent downward trend over the past decade. In 2023, the export value stood at USD 74.944 million. The sector experienced various fluctuations year-on-year, with a notable decline from 2013 to 2023.
Over the last two years, the exports showed marginal declines with year-on-year variations of -0.93% in 2022 and -0.92% in 2023. The compounded annual growth rate (CAGR) over the last five years was minimal, at 0.025%.
Future forecasts suggest a continuation of the downward trend with a negative forecasted five-year CAGR of -0.78%, resulting in a projected export value of USD 71.322 million by 2028, which signifies a forecasted five-year growth rate of -3.86%.
Factors to watch for in the future include:
- Changes in global trade policies affecting Argentina
- Evolving consumer preferences and demand in key export markets
- Technological advancements in the production process
- Currency fluctuations and their impact on export competitiveness
- Global economic conditions influencing trade dynamics