In 2023, Argentina's import of frozen vegetable mixtures stood at 436.52 Thousand US Dollars. Observing year-on-year variations, the trend illustrates significant fluctuations over different periods. From 2015 to 2016, a sharp increase of 713.05% was noted, aligning with rapid growth in global frozen food demand. This growth continued albeit at varying rates, with a notable increase of 29.01% in 2021, followed by smaller increments culminating in a 5.96% rise in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 5.71%. Forecasts indicate a steady growth with a 4.03% CAGR expected from 2024 to 2028, projecting a growth rate of 21.85% over this period.
Future trends to watch for include:
- Emerging import strategies and trade policies affecting Argentina's market dynamics.
- Technological advancements in freezing techniques enhancing product quality and shelf life.
- Shift in consumer preferences towards convenient and healthy food options.
- Influences of global supply chain disruptions and climate change on agricultural yields and import volumes.