The maize oil market size in Argentina, expressed in volume, stood at 15.0 thousand metric tons in 2023. The market experienced several fluctuations over the past years, with notable growth and declines. Noteworthy changes include a 13.64% drop in 2015, bouncing back by 10% in 2017, and the significant 31.82% decline in 2018. While the latter part of the decade saw varying patterns, the year-on-year variation in 2023 was 0%, indicating stagnation compared to the previous year. The last five years' compound annual growth rate (CAGR) stood at -2.47%, projecting an average yearly decline, with a forecasted volume decrease of 11.75% by 2028.

Future trends to watch for:

Continued market contraction at an estimated annual rate of -2.47% over the next five years.
Potential influence of external economic factors, environmental changes, and farming practices on maize oil production.
Shifts in consumer preferences which might impact domestic demand and supply.