The arable land area in Argentina stood at 43.112 million hectares in 2023, reflecting a year-on-year increase of 1.05% from the previous year. Over the last five years, the compound annual growth rate (CAGR) has been 1.4%. From 2013 to 2018, the arable land area exhibited a fluctuating trend, with slight declines in some years while experiencing small gains in others. However, since 2019, the trend has been predominantly positive, with notable increases between 2020 and 2023.
Given the forecast data up to 2028, the arable land area is expected to grow steadily, reaching 45.289 million hectares. The forecasted five-year CAGR stands at 0.78%, with an overall five-year growth rate of 3.98%.
Future trends to watch for:
- Impact of technological advancements and innovations in agricultural practices.
- Government policies and international trade agreements influencing arable land use.
- Environmental factors such as climate change and their effect on arable land sustainability.
