Oilseeds production in Argentina has experienced significant fluctuations over the past decade, peaking at 66.57 million metric tons in 2015 and then steadily declining. By 2023, production had decreased to 43.38 million metric tons, a 2.3% year-on-year decline. Notably, the CAGR over the last five years has been -0.14%, indicating a slight long-term annual decline.
Looking back further, we observe substantial year-on-year variations: a sharp decline of 28.65% in 2018 and subsequent years of more minor fluctuations. From 2019 onward, production exhibited a downward trend, with a notable decrease of 2.29% in 2022 and 2.3% in 2023.
Future trends suggest a continued decline in oilseeds production, with forecasts predicting a continued annual decrease of about 2.08%, resulting in a total reduction of approximately 9.97% by 2028. Key factors to watch include climatic conditions, international market demand, and domestic agricultural policies, which will significantly impact future production levels.
