Forecast: Metals Consumption in Argentina

Metals consumption in Argentina has experienced a declining trend from 2013 to 2023. During this period, the consumption value decreased from 8.25 units in 2013 to 5.73 units in 2023. This represents a significant reduction with year-on-year variations highlighting some periods of slight recovery, especially in 2018, but generally a consistent downtrend. Over the last five years, the compound annual growth rate (CAGR) has been -2.64%, indicating a persistent negative growth trajectory.

Future trends to watch for:

• Forecasts from 2024 to 2028 point towards a continued decline, with a predicted CAGR of -2.33%.
• Key factors that could influence future consumption include economic policies, industrial demand, and global metal prices.
• Monitoring domestic industrial developments and any government measures aimed at stimulating economic growth could provide insights into potential shifts in this trend.