The apple market in Argentina has shown a significant declining trend over the past decade. Starting from 635 thousand metric tons in 2014, the market size fell drastically by 2023 to 232 thousand metric tons.
Year-on-year variations highlight considerable declines, such as a -34.96% drop in 2015 and ongoing reductions, like the -7.94% decrease observed in 2023. The 5-year compound annual growth rate (CAGR) up to 2023 stood at -7.95%.
Future forecast indicates a continued decline, projecting the apple market size to reduce to 124.38 thousand metric tons by 2028. The 5-year CAGR from 2024 to 2028 is projected at -9.88%, with an overall reduction rate of -40.56% over the same period.
Trends to watch for:
- Emerging agricultural policies and their impact.
- Innovations in apple cultivation and pest management.
- Market dynamics related to domestic and international demand.
