Argentina's orange production has fluctuated over the past decade, showing variations year-on-year. As of 2023, the production stood at 1,060.1 thousand metric tons. Specifically, orange production experienced a drop in 2013 by 7.9% but saw a significant rise of 18.9% in 2014. In 2021, production increased by 6.13% and continued to show a positive trend with a 0.8% rise in 2022 and 0.78% in 2023. Over the last two years, the average annual growth rate (CAGR) was 1.04%. Looking forward, a more moderate growth is expected with a forecasted 5-year CAGR of 0.63%, culminating in a 3.17% growth by 2028.
Future trends to watch for include:
- Potential impacts of climate change on yield and quality.
- Technological advancements in agricultural practices.
- Shifts in global demand and trade policies affecting exports.
- Economic conditions within Argentina that could influence production capacity and investments.