In 2023, Argentina's sugar cane production stood at 16.812 million metric tons. Forecasted data indicates a declining trend from 2024 to 2028: 16.546 million metric tons in 2024, 16.287 in 2025, 16.033 in 2026, 15.785 in 2027, and 15.541 in 2028. This translates to year-on-year variations as follows:
- 2024: -1.58%
- 2025: -1.57%
- 2026: -1.56%
- 2027: -1.55%
- 2028: -1.54%
The compound annual growth rate (CAGR) over the five years is approximately -1.6%, indicating a steady decline in sugar cane production.
Future trends to watch for include changes in agricultural policies, technological advancements in farming, climate change impacts, water resource management, and shifts in global sugar market demand. These factors could alter the forecasted decline in production and should be closely monitored.
