The historical data reveals fluctuations in the import values of tanning, dyeing extracts, tannins, and pigments to Argentina from 2013 to 2023. In 2023, the value stood at $453.35 million, reflecting a 0.85% year-on-year increase. Over the last two years, from 2021 to 2023, the import values increased by 12.12%. The five-year CAGR from 2018 to 2023 was a modest 0.97%, indicating slight growth amidst varying annual changes.
Future forecasts show a gradual increase in imports, reaching $471.94 million by 2028, with an anticipated CAGR of 0.69% over the next five years. This suggests a steady but slow growth trajectory.
Future trends to watch for include:
- The impact of global economic conditions on Argentina's import capabilities.
- Changes in local industrial demand for tanning, dyeing extracts, tannins, and pigments.
- Potential shifts in trade policies or import regulations.
- Technological advancements and their influence on production efficiency and costs.