Argentinian International Remittance Market Witnesses Significant Growth, Poised for Strong Expansion Through 2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Argentina International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics - Q1 2024" report has been added to ResearchAndMarkets.com's offering.

The international remittance sector in Argentina has demonstrated robust growth, with the inflow market expanding at an impressive rate of 29.9% during 2023. The market reached a value of US$ 2.04 billion as of Q1 2024. This positive trajectory is anticipated to continue, with projections indicating a compound annual growth rate (CAGR) of 13.7% through to 2028 – resulting in an expected market size of US$ 3.42 billion.

Inbound and Outbound Transfers

Concurrently, the outbound remittance market is also trending upwards, exhibiting a growth of 4.2% during 2023, which positions the market at US$616.6 million in 2024. Looking ahead, the market is on course to increase at a CAGR of 2.6% in the forecast period, reaching an estimated value of US$683.6 million by 2028.

Comprehensive Market Analysis

A thorough analysis of the market landscape illustrates a diverse range of opportunities across transaction values and volumes, with noteworthy distinctions in average values per transaction. The ambit of the study encompasses an extensive review of various channels through which remittances are conducted, including detailed digital, mobile, and non-digital segments.

Consumer Demographics Insight

Furthermore, the report meticulously dissects the consumer profile, offering insightful analysis categorized by sender age groups, income levels, occupations, and the primary purpose behind the remittances. This granular understanding extends to the beneficiaries as well, providing a holistic view of the market dynamics.

Geographical and Channel Insights

The research also delves into the remittance flow between countries and Argentine states or regions, identifying key sending countries alongside market opportunities. The data delineates market shares by transfer channels, underscoring the trends and preferences inherent in the remittance ecosystem.

Strategic Advantage for Stakeholders

These insights serve as an invaluable tool for business operators and investors, enabling them to harness new prospects, evaluate potential risks, and formulate strategic decisions underpinned by data-driven insights. Moreover, the forecasts offer much-needed visibility into future market evolution, facilitating effective planning and strategizing for entities engaged in the remittance domain.

The extensive review and forward-looking analysis reflect the dynamic nature of Argentina's international remittance market, encapsulating the essential aspects required for stakeholders to navigate this space effectively.

Key Attributes:

Report Attribute	Details
No. of Pages	130
Forecast Period	2024 - 2028
Estimated Market Value (USD) in 2024	$2 Billion
Forecasted Market Value (USD) by 2028	$3.4 Billion
Compound Annual Growth Rate	13.7%
Regions Covered	Argentina

For more information about this report visit https://www.researchandmarkets.com/r/qy99mb

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