The rapeseed oil and mustard oil market in Argentina saw a significant fluctuation in volume from 2014 to 2023, initially starting at 2.0 thousand metric tons and peaking at 9.0 thousand metric tons in 2018. The market settled at 9.0 thousand metric tons in 2023. Notably, 2015 experienced a sharp 100% year-on-year increase, while 2018 marked a 350% surge. The market then demonstrated a general upward trend with periods of minor downturns. Over the last five years leading to 2023, the compound annual growth rate (CAGR) was calculated to be robust at approximately 35.1%.
Looking ahead, the forecast from 2024 to 2028 indicates a steady growth trajectory with an estimated 3.53% CAGR. The market size is expected to expand by roughly 18.91% by 2028, reaching 11.38 thousand metric tons.
Future trends to watch for include:
- Potential shifts in agricultural policies and their impact on oilseed production.
- Advancements in oil extraction technologies.
- Shifts in consumer preferences towards healthier cooking oils.
- Global oil market dynamics affecting import and export activities.
