In Argentina, the import of electric motors and generators has shown considerable variation over the past decade. Starting at 273.27 million USD in 2013, imports fluctuated, reaching 191.6 million USD in 2016, then peaking at 334.25 million USD in 2021. The figure for 2023 stood at 356.2 million USD, with a year-on-year increase of 3.15% and a five-year CAGR of 1.48%. Forecasts suggest a continued growth trajectory, reaching 412.94 million USD by 2028 with a forecasted five-year CAGR of 2.32%.
Future trends to watch:
- Potential impacts of global supply chain disruptions or international trade policies.
- Technological advances in electric motors and generators driving demand.
- Argentina's economic conditions, affecting both industrial activity and import capacity.
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