In 2023, the demand for rapeseed oil and mustard oil in Argentina was [value in 2023]. For the forecasted period from 2024 to 2028, demand is expected to rise steadily each year. Specifically, the demand is projected at 9.57 thousand metric tons in 2024, escalating to 11.38 thousand metric tons by 2028.
Year-on-year variations are as follows:
- 2024 to 2025: +4.91%
- 2025 to 2026: +4.48%
- 2026 to 2027: +4.29%
- 2027 to 2028: +4.02%
From a broader perspective, the Compound Annual Growth Rate (CAGR) over the five-year period indicates an average yearly growth of approximately 4.42%.
Future trends to watch for include potential impacts from regulatory changes, shifts in consumer preferences toward plant-based oils, and global market dynamics affecting import-export balance. Sustainability concerns and technological advancements in oil extraction could also play significant roles in shaping demand patterns.
