In 2023, Argentina's wheat distribution stood at 19.1 Million Metric Tons. The forecasted values for 2024 to 2028 show a steady increase: 19.2 MMT in 2024, 19.27 MMT in 2025, 19.35 MMT in 2026, 19.43 MMT in 2027, and 19.5 MMT in 2028. The year-on-year variations in percentage from 2023 to 2024 are approximately 0.52%, followed by 0.36%, 0.41%, 0.41%, and 0.36% for the subsequent years.
Key points:
- 2023: 19.1 MMT
- 2024: 0.52% increase
- 2025: 0.36% increase
- 2026: 0.41% increase
- 2027: 0.41% increase
- 2028: 0.36% increase
The Compound Annual Growth Rate (CAGR) over the five forecasted years is around 0.41%. Future trends to watch for include any potential impacts of climate change on crop yield, international demand fluctuations, and changes in agricultural policies which may affect Argentina's wheat production and distribution.
