The vegetables market in Argentina has shown a consistent increase in volume per capita, standing at 70.6 kilograms in 2023. For 2024, the forecast is 70.7 kilograms, which signifies a marginal increase of 0.14% year-on-year. This trend continues with volume per capita projected to reach 71.15 kilograms by 2028.
Over the last two years, the year-on-year variation has hovered around 0.2%. The Compound Annual Growth Rate (CAGR) over the next five years is estimated at approximately 0.15%, indicating slow but steady growth in vegetable consumption per capita.
Future trends to watch for include shifts in consumer preferences towards more locally grown vegetables, the impact of climate change on agricultural production, and policy changes regarding agricultural subsidies and import regulations. Additionally, economic factors such as inflation and currency fluctuations could play significant roles in shaping the market dynamics.