The production of virgin olive oil in Argentina has shown significant fluctuations over the years. Starting from 21.3 thousand metric tons in 2013, production reached its highest point in 2017 at 45.0 thousand metric tons. By 2023, production stood at 35.55 thousand metric tons, marking a moderate yet steady rise. Year-on-year variations have been highly volatile, e.g., a peak increase of 87.5% in 2017 followed by a sharp decrease of 38.89% in 2018. Looking at the CAGR over the last five years up to 2023, there is an average annual growth rate of 5.27%.
Based on the forecast data, Argentina’s virgin olive oil production is expected to continue growing, albeit at a more modest pace. The forecast indicates a 1.65% annual growth rate from 2024 to 2028, summing up to an 8.54% total growth over these five years. Future trends to watch for include potential impacts of climate change, technological advancements in production methods, and shifts in global demand for olive oil. It will be essential to monitor agricultural practices and international trade policies that may influence production volumes and market dynamics. Given these factors, stakeholders should strategize to leverage the moderate but steady growth forecasted.
