The meat production in Argentina reached 6.5084 million metric tons in 2023. The year-on-year variation shows a marginal increase of 1.56% from 2022. Over the last five years, the compound annual growth rate (CAGR) stands at 1.86%. This reflects steady but modest growth in meat production.
From 2013 to 2023, meat production in Argentina has shown an overall positive trend, rising from 5.3443 million metric tons in 2013. Notable yearly increases include years 2017 and 2021 with 5.7% and 7.03% growth respectively. However, there have been years such as 2014 and 2020 where production saw declines of -1.99% and -4.22% respectively.
Looking into the forecast period from 2024 to 2028, meat production is expected to continue its growth, reaching 7.0306 million metric tons in 2028. Future trends to watch include the impact of technological advancements in agriculture, climate change, and trade policies that can influence both production capabilities and market demand, ensuring a stable upward trend with a reported forecast 5-year CAGR of 1.22%.
- Year-on-year increase in 2023: 1.56%
- Last 5 years CAGR: 1.86%
- Forecast 5-year CAGR: 1.22%
