In 2024, sunflower production at the farm gate in Argentina is forecasted to be 843.58 million Euros. This is expected to increase steadily over the subsequent years, reaching 944.44 million Euros by 2028. In comparison to the production value in 2023, the forecasted figures show a positive growth trajectory.
The year-on-year growth rate is projected to be:
- 2024-2025: 3.03%
- 2025-2026: 2.92%
- 2026-2027: 2.80%
- 2027-2028: 2.70%
The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is estimated to be 2.86%, indicating a stable upward trend in production value.
Future trends to watch for include potential impacts of climate change on crop yields, fluctuations in global sunflower oil demand, and changes in agricultural policies in Argentina. Additionally, advancements in agricultural technology and farming practices may also influence production levels positively or negatively.
