In 2023, Argentina's meat production reached 6.12 million metric tons, reflecting a 0.84% year-on-year growth. Over the past decade, production has shown a moderate upward trend, driven by a series of fluctuations that include some notable dips and recoveries, such as the 4.13% decrease in 2020 and the 6.2% surge in 2021. On average, the compound annual growth rate (CAGR) over the last five years has been 0.6%, indicating a slow but steady increase in production volume.
From 2024 onwards, forecasts project continuous growth in meat production, reaching 6.38 million metric tons by 2028, with a forecast 5-year CAGR of 0.67% and an expected overall growth rate of 3.39%. This suggests a stable upward trajectory, although at a marginally higher pace than the recent historical average.
Future trends to watch for include potential shifts in global meat consumption patterns, technological advancements in meat production, and the impact of environmental policies. Additionally, fluctuations in international trade agreements and domestic economic conditions could significantly affect Argentina's meat production outlook.
