Argentina's fruits and vegetables production at the farm gate, expressed in Billion US Dollars, showcased notable fluctuations from 2013 to 2023. In 2023, the value stood at 2.85 billion USD. The production experienced significant year-on-year variations: a stark increase of 93.98% in 2018 followed by a 45.87% drop in 2019, and an 18.18% decline in 2020, only to rebound by 50.21% in 2021. Over the last two years, the year-on-year variations were 8.68% in 2022 and 6.26% in 2023. The CAGR for the five years preceding 2023 was -5.13%.
Looking forward from 2024, the forecasted CAGR for the next five years is 1.61%, with an overall growth rate of 8.3%, indicating a steady, albeit modest, upward trend.
Future trends to watch for include:
- Potential impacts of climate change on production levels.
- Adoption of technology and sustainable practices in agriculture.
- Global market demand fluctuations affecting export dynamics.
- Government policies and subsidies supporting the agriculture sector.
