Key Market Indicators
**Argentinian Biofuel Production to Surge by 2028** Argentina's biofuel production is projected to reach approximately 52,000 barrels of oil equivalent per day (boe/d) by 2028, up from around 46,000 boe/d in 2023. This growth represents a compound annual growth rate (CAGR) of 2% year on year. Despite the positive outlook, it's worth noting that since 2005, Argentina's biofuel supply has experienced a decline, with an annual decrease of 2.3%. On the demand side, Argentinian biofuel consumption is expected to climb to roughly 26,000 boe/d by 2028, compared to about 23,000 boe/d in 2023. This also translates to an annual growth rate of 2%. However, since 2015, the country has seen a decline in biofuel demand, with a year-on-year decrease of 4%.
