In 2023, the demand for maize oil in Argentina stood at 14.83 thousand metric tons. In 2024, the forecasted demand is 14.38 thousand metric tons, indicating a 3.03% decrease from 2023. The subsequent years show a consistent decline in demand: 13.94 thousand metric tons in 2025 (a 3.06% decrease), 13.52 thousand metric tons in 2026 (a 3.01% decrease), 13.1 thousand metric tons in 2027 (a 3.11% decrease), and 12.69 thousand metric tons in 2028 (a 3.13% decrease). The Compound Annual Growth Rate (CAGR) over this period is -3.06%.
Future trends to watch for:
- Potential shifts in consumer preferences towards alternative oils due to health or environmental concerns.
- Economic factors influencing the affordability and production of maize oil.
- Policies and regulations affecting maize cultivation and oil extraction practices.
- Technological advancements in oil extraction and production that could improve yield and efficiency.
