Oilseeds demand in Argentina showed significant fluctuations over the past decade. The period from 2014 to 2016 experienced robust growth, peaking in 2016 with a notable year-on-year increase of 12.89%. However, the demand faced a downturn in 2018 with a sharp decline of -10.01%. Since then, the market experienced moderate fluctuations, with a general trend towards stabilization. In 2023, oilseeds demand stood at 52.12 million metric tons, reflecting a modest growth of 0.64% year-on-year and an average annual growth (CAGR) of 1.4% over the past five years.
Looking ahead, the forecast indicates a steady but slow growth, with a five-year CAGR of 0.51% and an overall increase of 2.58% by 2028. Future trends to watch for include potential impacts of technological advancements in agriculture, global trade dynamics, and climatic conditions which may influence yield and production patterns.
