In 2023, wheat production in Argentina stood at 21.89 million metric tons. The forecasted data for the following years shows a consistent upward trend. From 2024 to 2028, wheat production is expected to increase from 22.61 to 25.54 million metric tons. This trend represents a year-on-year variation of 3.4% for 2025, 3.2% for 2026, 3.0% for 2027, and 2.9% for 2028. Over the past two years, the production has shown robust growth reflecting a positive shift. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 3% per year.
Future trends to watch for:
- Impact of climate change on wheat yields.
- Technological advancements in agriculture.
- Global market demand and pricing dynamics.
- Policy changes affecting export and import regulations.
