The oilseeds processing industry in Argentina demonstrated fluctuating trends from 2014 to 2023, starting with a lower value, peaking in 2016, declining in 2018, and stabilizing somewhat after 2020. Specifically, the industry processed approximately 46.08 million metric tons of oilseeds in 2023, marking a slight year-on-year increase of 0.53% and maintaining a Compound Annual Growth Rate (CAGR) of 1.27% over the last five years.
Key year-on-year changes include:
- An 11.68% increase in 2016.
- A steep decline of 9.21% in 2018.
- A growth resuming in 2019 at 4.19%.
- Stable minor growth from 2020 to 2023, around 0.53%-0.57% annually.
Future trends predict a modest average annual growth rate (CAGR) of 0.39% from 2024 to 2028, reaching a 1.97% total growth by 2028.
Future trends to watch for:
- Technological advancements in processing techniques to boost efficiency.
- Fluctuating global commodity prices impacting profit margins.
- Policy changes and environmental regulations influencing production.
