The import of frozen turkey cuts and offal to Argentina has experienced considerable fluctuations over the past decade. After a sharp drop in 2014, imports peaked in 2018 at 117.33 thousand kilograms. In 2023, the volume stood at 70.01 thousand kilograms, showing a declining trend in recent years. The year-on-year variation indicates a decrease of 5.74% from 2022. Furthermore, the compound annual growth rate (CAGR) over the last five years is -9.81%, suggesting a sustained downward trend.
Looking ahead, forecast data from 2024 to 2028 indicates a continuing decline. The projected CAGR for the next five years is -6.08%, with an overall forecasted reduction of 26.93% by 2028. By 2028, imports are expected to decrease to 47.74 thousand kilograms.
Future trends to watch for:
- Economic factors that could influence Argentina's purchasing power and trade policies.
- Changes in local production capabilities and consumer demand for turkey products.
- Global market conditions and price fluctuations for frozen turkey cuts and offal.
