Between 2013 and 2023, cereal production in Argentina experienced notable fluctuations, starting at 50.743 million metric tons in 2013 and reaching 94.157 million metric tons in 2023. The most significant increase was in 2017 with a 24.94% year-on-year change, although there were declines, such as in 2018 (-7.6%) and 2020 (-5%). On average, the Compound Annual Growth Rate (CAGR) over the past five years is 5.93%. For the 2024-2028 forecast period, the production is expected to maintain a steady growth with a CAGR of 2.42%, culminating in a 12.73% increase overall by 2028.
Future trends to watch for include:
- The impact of climate change on crop yields
- Technological advancements in agricultural practices
- Shifts in global trade policies and their effects on export markets
- Domestic policy changes related to agriculture
