In 2023, the production of sugar crops in Argentina stood at 18.15 million metric tons. Based on forecasted data, production is expected to decrease slightly year-on-year from 2024 to 2028: 18.02 million metric tons in 2024, 17.87 in 2025, 17.72 in 2026, 17.57 in 2027, and 17.43 in 2028.
From 2024 to 2025, the production is forecasted to decline by approximately 0.83%. From 2025 to 2026, there is a further projected decline of about 0.84%. In 2026 to 2027, the decline continues at around 0.85%, and from 2027 to 2028, the decline is approximately 0.80%. Over the past two years (2023-2024), the decline was 0.72%. The CAGR over the next five years is -0.81% per year.
Future trends to watch include climate change impact on crop yields, technological advancements in agriculture, and shifts in global demand and prices for sugar. These factors could significantly influence the productivity and profitability of Argentina's sugar crop industry.
