In 2023, Argentina's import of worked marble, travertine, and alabaster stood at 10.822 million US dollars. This represents a slight year-on-year increase of 0.92% from 2022. Over the past two years, the imports have grown by 6.26% in 2022 and 0.92% in 2023.
Analyzing a longer period, a fluctuating trend emerges with notable variations in growth rates each year. The last five years' compounded annual growth rate (CAGR) indicates an average yearly increase of 1.6%. Forecasts suggest moderate growth, with a forecasted 5-year CAGR of 0.75% leading to a 3.81% total growth by 2028. The expected value of imports is 11.308 million US dollars in 2028.
Future trends to watch for include:
- Impacts from economic stability and policy changes in Argentina which can influence import dynamics.
- Global market trends in construction and decoration sectors which drive demand for worked marble, travertine, and alabaster.
- Technological advancements in quarrying and transportation which might affect material costs and supply chain efficiency.