Key Market Indicators
Argentinian oilseeds consumption is projected to reach approximately 55,000 metric tons by 2028, marking a slight increase from the current 54,000 metric tons recorded in 2023. This represents a modest compound annual growth rate (CAGR) of 0.2% year on year. However, since 2019, Argentinian demand for oilseeds has seen a decline of 1.1% annually. In the global rankings for 2023, Argentina placed 64th, with Cuba narrowly ahead at 54,000 metric tons. India, Indonesia, and Brazil held the second, third, and fourth positions, respectively. In terms of production, Argentina's oilseeds output is set to climb to nearly 12.8 million metric tons by 2028, up from around 12 million metric tons in 2023. This indicates an average annual growth rate of 1%. Historically, since 1966, Argentina's oilseeds supply has experienced a robust annual growth of 6.7%. In the 2023 global production rankings, Argentina stood at seventh place. India led with nearly 12 million metric tons, while Brazil, Malaysia, and the United States occupied the second, third, and fourth spots, respectively.
