In 2023, Argentina's production of whole condensed milk stood at 60.9 metric tons. Forecasted data reveals a consistent decline over the following years: 2024 (54.2 MT), 2025 (48.7 MT), 2026 (43.2 MT), 2027 (37.9 MT), and 2028 (32.6 MT). The forecast from 2024 to 2025 shows an approximate year-on-year decline of 10.1%, followed by a similar trend each subsequent year. The cumulative average growth rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be -10.6%.

Future trends to watch for:

Potential impact of shifts in dairy farming practices on milk production
Changes in domestic and international demand for whole condensed milk
Influence of economic factors such as inflation and export tariffs on production costs