The maize feed industry in Argentina demonstrated significant fluctuations over the past decade. From a value of 12.6 million metric tons in 2014, the industry witnessed a notable dip in 2016 to 10.7 million metric tons before experiencing a dramatic recovery in 2017. Post-2017, the growth had been more stable, rising gradually to 15.82 million metric tons by 2023. The CAGR over the last five years stood at 2.18%, with the year-on-year growth for 2023 being 1.2%. This indicates a steady upward trend in maize feed consumption.
The forecast for the forthcoming period from 2024 to 2028 suggests continued growth, albeit at a slower pace with a projected five-year CAGR of 0.86%. By 2028, the value is anticipated to reach 16.71 million metric tons, representing an overall growth rate of 4.37% over the five-year forecast period.
Future trends to watch for include potential impacts of climate change, advancements in agricultural technology, and shifts in demand for alternative feeds. Monitoring these factors will be crucial in anticipating future fluctuations and growth in the maize feed market in Argentina.
