The supply of soybeans in Argentina is forecasted to grow steadily from 2024 to 2028, increasing from 69.67 million metric tons in 2024 to 72.74 million metric tons in 2028. This represents a moderate year-on-year growth rate, with 1.1% for 2024-2025, 1.1% for 2025-2026, 1.1% for 2026-2027, and 1.1% for 2027-2028. The compound annual growth rate (CAGR) over this five-year period is approximately 1.1%, signaling a consistent upward trend in soybean supply.
Future trends to watch for include:
- Technological advancements in agriculture that could further enhance yield.
- Potential climate change impacts that might affect production levels.
- Global soybean market demand shifts which could influence local supply dynamics.