The demand for meat in Argentina stood at 5.53 million metric tons in 2023, representing a modest year-on-year increase of 0.86% and a 5-year CAGR of 0.74%. Historical data shows variability, but recent recovery trends are noted, particularly a significant 21.58% rise in 2021 post a sharp 16.21% drop in 2020. Forecasted figures suggest a steady growth, reaching 5.78 million metric tons by 2028, with a projected 5-year CAGR of 0.69%.
- 2014-2019: Fluctuating trends marked by mild growth and contractions, notable year-on-year changes include a 7.76% rise in 2015 and a 4.21% increase in 2017.
- 2020: Significant 16.21% drop, reflecting potential economic or external disruptions.
- 2021: Strong rebound with a 21.58% increase.
- 2022: Moderate stabilization with 0.88% year-on-year growth.
- 2023: Continued recovery with a 0.86% increase.
Future trends to watch for: Factors influencing meat demand in Argentina may include economic conditions, export market dynamics, changing consumer preferences, dietary shifts towards plant-based alternatives, and potential impacts from global trade policies. Monitoring these elements is crucial for accurate future demand projections and strategic planning.