The production of skimmed dried milk in Argentina demonstrates notable fluctuations over the past decade, with actual data showing significant year-on-year variances. In 2023, the production stood at 48.31 thousand metric tons. From 2021 to 2023, production showed moderate growth with year-on-year variations of 7.69%, 2.21%, and 2.12% respectively. The compound annual growth rate (CAGR) for the last five years (2019 to 2023) is 2.32%.
Looking forward, forecasted data from 2024 to 2028 indicates a steady but slight increase in production with an expected CAGR of 1.62%, resulting in an overall growth rate of 8.37% across these five years. Key trends to watch for include technological advancements in dairy processing, potential impacts of climate change on milk production, and changes in global demand for dairy products.
