The maize market size volume in Argentina as of 2023 stood at 513.0 thousand metric tons. Over the last two years, the year-on-year variation indicates a slight decline of 0.19%. The compound annual growth rate (CAGR) over the last five years averaged -0.16%, reflecting a gradual decreasing trend in the market.
Historical trends display fluctuating growth rates. From 2014 to 2016, the market saw minor declines, followed by a modest recovery in 2017 and 2018. A significant drop occurred in 2020 with a 5% year-on-year reduction. However, 2021 marked a recovery with a year-on-year increase of 5.06%. In subsequent years, the market maintained relative stability with minor variations.
Future forecasts until 2028 predict a continued slight decrease in volume, with a projected average annual reduction of 0.07% and an overall decrease of 0.34% over the next five years.
Future trends to watch for include potential impacts of climate change on maize yields, shifts in global maize demand, technological advancements in agriculture, and government policies affecting maize production and export. These factors could significantly alter the market dynamics moving forward.