Argentina has, on average, experienced solid economic growth over the past decade (2007-2017) – approximately 1.6% p.a. when adjusted for inflation. The global financial crisis did cause the country’s economic output to decline in 2009, but a recovery was conjured the following year. However, economic hardship has repeatedly made a reappearance, with many financial pressures being placed on the country’s services and manufacturing industries.
Several new capacities additions, plus an increase in merchant demand, should drive growth over the next five years. We therefore forecast growth of between 1.6% p.a. and 2.8% p.a. up to 2022. This should see the commercial industrial gases business in Argentina achieve revenues of between $547m and $580m, by 2022.
Report Data: 2018
As speculations continues to grow around the potential impact of the Praxair-Linde merger, gasworld Business Intelligence looks into the consequences for the South American region in more detail.
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