The domestic consumption of soybean oil in Argentina is forecasted to grow steadily from 2024 to 2028, starting at 2.36 million metric tons in 2024 and reaching 2.52 million metric tons in 2028. In 2023, the consumption stood at 2.32 million metric tons. Year-on-year variations show consistent growth: 1.69% in 2025, 1.67% in 2026, 1.64% in 2027, and 1.61% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 1.67%.
Future trends to watch for:
- Impact of global soybean oil market fluctuations on local consumption.
- Potential shifts in dietary habits influencing domestic demand.
- Government policies affecting soybean oil production and distribution.
- Technological advancements in soybean oil processing.
