In 2023, Argentina's corn production stood at 50 million metric tons. Based on the forecasted data, corn output is expected to increase from 52.2 million metric tons in 2024 to 58.98 million metric tons by 2028. The year-on-year percentage variation indicates a steady growth trend:
- 2024: +4.4%
- 2025: +3.3%
- 2026: +3.2%
- 2027: +3.0%
- 2028: +2.9%
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 3.36%, showing a consistent upward trend in production.
Future trends to watch for include technological advancements in agriculture, potential changes in domestic and international corn demand, and the impact of climatic conditions and policy changes on production output.
