The maize processing industry in Argentina experienced a marked decline from 2014 to 2016, with year-on-year decreases as steep as -10.21% and -6.8%. However, a temporary rebound occurred in 2017 with a 9.81% increase. From 2018 onwards, the industry saw a steady decline in values, culminating in a 2023 year-on-year drop of -0.77%, standing at 777 Thousand Metric Tons. The 5-year CAGR until 2023 shows a consistent average annual decline of -0.85%. Forecasts from 2024 to 2028 suggest a continued decrease, with a 5-year CAGR of -0.66% and a total forecasted decline of -3.24% over this period.
Future trends to watch for include the impacts of technological advancements in maize processing, potential changes in export regulations, and global market demand shifts. Emphasis on sustainable practices and potential shifts to alternative crops due to climate change impacts could also play significant roles in shaping the industry's future.
