The rice and products market size volume in Argentina was at 545 thousand metric tons in 2023. The market has experienced fluctuations over the years, with significant drops in 2016 and 2020. The year-on-year variation for 2023 was -0.73%, continuing a slight declining trend seen in recent years. Over the past five years, the Compound Annual Growth Rate (CAGR) was -0.82%. From 2014 to 2023, substantial variations occurred, notably a -14.47% drop in 2016 and a recovery with a 4.69% rise in 2021.
The forecast indicates a continued gradual decline, with a -0.49% average annual decrease expected over the next five years leading to 2028. The total decrease projected from 2023 to 2028 is approximately -2.43%.
Future trends to watch for:
- Impact of climate change on rice production.
- Changes in domestic consumption patterns.
- Government policies affecting rice import and export.
- Technological advancements in farming practices.
