Argentina's vegetable oils production has shown a general upward trend from 2014 to 2023, increasing from 8.39 million metric tons to 9.59 million metric tons. Notable growth occurred between 2014 and 2016, with a high year-on-year increase of 12.79% in 2015, but the trend reversed slightly with declines in 2017 and 2018. Production stabilized from 2019 onward, showing moderate fluctuations and a 0.53% year-on-year increase in 2023. The compound annual growth rate (CAGR) for the past five years stood at 1.16% in 2023. Future forecasts project steady growth with a 5-year forecast CAGR of 0.43%, leading to a production level of 9.85 million metric tons by 2028.

For future trends, it will be important to watch for: