The whole dried milk production in Argentina has seen a significant decline from 255.63 thousand metric tons in 2013 to 115.3 thousand metric tons in 2023, representing a contraction of more than 50% over a decade. Despite small fluctuations, the year-on-year variations have been predominantly negative, with the most substantial drops observed in the mid-2010s. The compounded annual growth rate (CAGR) over the last five years further accentuates this downward trend with an average yearly decline of 5.17%. Forecasts indicate a continued decline in production, with a projected value of 80.1 thousand metric tons by 2028, reflecting a forecasted 5-year CAGR of -5.78%.
Future trends to watch for:
- The impact of macroeconomic conditions on dairy production and export markets.
- Technological advancements in dairy farming and processing.
- Government policies and subsidies affecting the agricultural sector.
- Shifts in domestic and international demand for dairy products.
- Climate change impacts on agricultural productivity and sustainability.
