Based on the forecasted data for dry whole milk powder production in Argentina, the value in 2024 is expected to be 223.0 thousand metric tons. This represents a continuation from the 2023 actual production data. Over the upcoming years, production is expected to increase gradually, reaching 230.0 thousand metric tons by 2028. Year-on-year growth rates showcase incremental increases roughly between 0.9% to 1.0% annually.
Trends over the last two years exhibit steady growth, with slight annual upticks, ensuring a stable supply in the domestic and export markets. The Compound Annual Growth Rate (CAGR) over this 5-year period reveals a consistent, albeit modest, growth trend in the dry whole milk powder sector.
Future trends to watch for:
- Potential fluctuations in global dairy demand which could affect production volumes.
- Impact of international trade policies and tariffs on Argentina's exports.
- Technological advancements and efficiency improvements in dairy farming and processing.
- Climate change effects on agricultural productivity and feedstock availability.
- Shifts in domestic consumption patterns and new market opportunities emerging globally.
