The cassava production in Argentina has generally been on a gradual upward trend over the past decade. From 2013 to 2023, actual production rose from 184.0 to 200.67 thousand metric tons, reflecting an overall increase despite minor fluctuations. Notably, production dipped in 2020 by -4.43%, impacted by external factors. However, it rebounded significantly in 2021 with a year-on-year increase of 5.93%. The last two recorded years, 2022 and 2023, showed moderate growths of 0.61% and 0.6%, respectively. The compound annual growth rate (CAGR) over the past 5 years stands at 0.64%, indicating steady, albeit slow, increases.
Forecasts predict consistent growth from 2024 onwards, with production expected to reach 206.9 thousand metric tons by 2028. The forecasted 5-year CAGR is 0.48%, suggesting sustained, moderate growth. The overall 5-year growth rate from 2024 to 2028 is projected at 2.44%.
Future trends to watch for include potential advancements in agricultural technology and practices, which could accelerate growth. Additionally, shifts in global cassava demand and possible climate impacts will be critical factors shaping Argentina's production trajectory.
