Market Size of Argentina Road Freight Transport Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 64.80 Billion |
| Market Size (2029) | USD 95.30 Billion |
| CAGR (2024 - 2029) | 8.02 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Road Freight Transport Market Analysis
The Argentina Road Freight Transport Market size is estimated at USD 64.80 billion in 2024, and is expected to reach USD 95.30 billion by 2029, growing at a CAGR of 8.02% during the forecast period (2024-2029).
- Due to the government's declaration that road delivery of products was crucial during the pandemic, trucks were, in theory, permitted to move freely across the nation. In reality, things were extremely different, with local regulations severely impeding the movement of products. The large variety of provincial policies severely impacted driver conditions.
- When officials sealed windows and doors to prevent drivers from leaving their vehicles while in the province, some drivers were compelled to remain in their cabs; in other cases, despite having a negative COVID-19 test, they were required to spend 15 days in quarantine at provincial borders, where conditions were appalling.
- Argentina is one of the major exporters of food items. During the previous 20 years, the agricultural sector has had a very rapid expansion, resulting in annual grain production of more than 100 million tonnes, up from about 60 million tonnes 15 years ago.
- The agricultural frontier has expanded in tandem with this increase in production, resulting in longer average trips to transport the grain to ports for processing and export. Additionally, it has accelerated growth in other related industries through investments in modernizing machinery and boosting productivity in the supply chain upstream in the form of seeds, fertilizer, and agricultural equipment, as well as downstream in the form of crushers, storage, and ports.
- The road freight transport sector, which transfers more than 90% of the nation's agricultural products, has benefited greatly from this boom. This increase is described as scattered, with a high degree of non-compliance with regulations and using a large proportion of old vehicles which implies negative externalities regarding the environment and human health.
