The veal and beef production at farm gate in Argentina experienced significant fluctuations from 2013 to 2023. The industry saw notable highs in 2015 with a year-on-year increase of 29.24% and lows in 2018 with a significant drop of 24.2%. The compound annual growth rate (CAGR) from 2013 to 2023 averaged at 2.94%, illustrating moderate overall growth. In 2023, the production value stood at 7.51 billion Euros, showing a slight annual increase of 1.4% compared to the previous year.
Forecast data from 2024 onwards suggests steady growth in production, with an average annual growth rate of 1.03% over the next five years. By 2028, veal and beef production is predicted to reach 8.01 billion Euros, marking a total growth rate of 5.26% from 2023.
Future trends to watch for include potential impacts of changing climate conditions on livestock farming, advancements in livestock farming technologies, and shifts in global trade policies affecting beef exports. Monitoring these factors will be critical in accurately forecasting and strategizing for the veal and beef production industry in Argentina.
