From 2014 to 2023, Argentina's nuts production experienced moderate growth, rising from 14.0 to 21.0 Thousand Metric Tons. The years 2014 and 2017 through 2020 showed no year-on-year growth. Significant growth spurts occurred between 2015 and 2016 with increases of 14.29% and 18.75% respectively. 2021 and 2022 saw moderate upticks of 5.26% and 5%. Notably, 2023 featured no variation year-on-year but maintained a CAGR of 2.02% over the last five years.
Future forecast indicates a stable annual growth with a CAGR of 1.84% from 2024 to 2028, reaching 23.0 Thousand Metric Tons by 2028, reflecting a 9.52% increase over the five-year forecast period.
Trends to watch for:
- Potential market shifts due to global climate impacts on agriculture.
- Technological advancements in nut farming and harvesting.
- Demand fluctuations driven by global dietary trends favoring nuts for health benefits.
