The raw animal fats processing sector in Argentina has displayed notable stability from 2015 to 2023, maintaining a steady volume of 8.0 thousand metric tons annually. Notably, there was a significant decrease in 2015 with an 11.11% year-on-year decline from the 2014 value of 9.0 thousand metric tons. Since then, values have remained constant with a 0% year-on-year variation. As of 2023, the sector continues to be static in terms of volume, showing no growth or decline over the past five years, with a compound annual growth rate (CAGR) of 0%.
Looking into the future, forecasts from 2024 to 2028 project no changes, suggesting a continued annual volume of 8.0 thousand metric tons. Industry players should monitor potential factors such as technological advancements, changes in consumer demand, and regulatory shifts that could influence future production trends.
