In 2023, the volume of the onions market in Argentina stood at 640 thousand metric tons. Forecasted data shows a steady upward trend in market size over the next five years. Specifically, from 2024 to 2028, the volume is projected to increase from 647.4 to 675.46 thousand metric tons. This translates to a year-on-year variation averaging around 1.1%.
Analyzing the trend, the market consistently grows each year, reflecting stable demand and possibly enhanced agricultural practices. The five-year compound annual growth rate (CAGR) for the onions market volume is approximately 1.1%, indicating modest but consistent growth.
Future trends to watch for include potential impacts of climate change on crop yields, technological advancements in agricultural practices, and shifts in domestic and international demand. Monitoring these factors will be crucial for predicting long-term market dynamics.