From 2013 to 2023, Argentina's pigmeat production demonstrated consistent growth, increasing from 416.44 thousand metric tons to 731.62 thousand metric tons. The Compound Annual Growth Rate (CAGR) over this period was generally positive, although the annual growth rate showed variability. Particularly noteworthy years include 2013 with a high year-on-year growth of 25.81% and 2018 with 9.72%. There was a slight dip in 2019, recording a -1.77% change, but growth resumed thereafter, albeit at a slower pace. By 2023, the year-on-year growth rate was 4.09% with a 5-year CAGR of 3.33%.
Forecasts from 2024 indicate continued growth reaching 873.13 thousand metric tons by 2028. The future 5-year CAGR is expected to be 2.81%, slightly lower than previous periods, yet signaling stable expansion with a forecasted 5-year growth rate of 14.85%.
Future trends to watch for include technological advancements in farming practices, potential shifts in domestic and international demand, and policy changes affecting agricultural subsidies and trade tariffs. These factors will play a crucial role in shaping Argentina's pigmeat production landscape.
