The historical data on agricultural raw materials exports in Argentina reveals a fluctuating trend. Between 2013 and 2017, the exports showed a generally positive growth with some annual variations, peaking in 2017. From 2018 onwards, there was a notable decline, bottoming out in 2021. The exports slightly stabilized from 2022 onwards, maintaining a constant value through 2028.
Key Points:
- Exports saw a significant year-on-year increase in 2014 by 15.87% but faced a steep decline of 14.73% in 2021.
- Between 2018 and 2022, there was a consistent decline in exports, with minor stabilization observed in 2023.
- The Compounded Annual Growth Rate (CAGR) over the five years leading to 2023 was -5.29%, signifying an overall negative trend.
Future Trends to Watch For:
- Although the forecast for 2024-2028 shows a flat growth rate with no significant increase or decrease, it will be crucial to monitor for any shifts in global demand, trade policies, and domestic agricultural policies that could impact the export levels. Watching for technological advancements and sustainable practices in agriculture could also influence future trends positively.