The soybean oil processing industry in Argentina exhibited significant fluctuations over the historical period, with a notable surge of 70.83% in 2015 followed by more moderate year-on-year growth rates. By 2023, the volume reached 53.0 thousand metric tons, marking a 1.92% increase from the previous year. Over the last five years, the compound annual growth rate (CAGR) was 2.87%. Forecasts indicate steady growth, reaching 60,000 metric tons by 2028, with a five-year CAGR of 1.76%, translating to a cumulative growth of 9.09% over the forecast period.
Future trends to watch for:
- Investment in sustainable processing technologies.
- Changes in trade policies impacting exports.
- Fluctuations in soybean supply and global demand.
- Technological advancements enhancing efficiency and output.
