Maize production at the farm gate in Argentina demonstrated significant variability from 2013 to 2023. After notable fluctuations, the value stood at $6.99 billion USD in 2023, marking a 6.04% year-on-year increase. The period from 2019 to 2023 showed an average yearly growth rate (CAGR) of 2.08%. Historical data highlights substantial growth in specific years, like 2016 (140.48%) and 2018 (68.33%), interspersed with periods of decline.
Looking ahead, the forecasted data from 2024 through 2028 suggests a consistent upward trajectory, culminating in an expected value of $8.92 billion USD in 2028. The five-year CAGR for this forecast period is 3.85%, indicating steady growth.
Future trends to watch for:
- Impact of technological advancements in agricultural practices.
- Fluctuations in global maize prices affecting farm gate prices.
- Climate change and its effects on crop yield and production consistency.
- Government policies and subsidies influencing agricultural output.
- Continued demand growth both domestically and internationally.
