Over the past decade, the demand for mutton and goat meat in Argentina has generally declined. In 2014, the demand stood at 67.0 thousand metric tons, remaining steady until 2015. However, significant decreases were seen in the following years, with a notable drop in 2016 (-14.93%) and further declines continuing through 2020. A brief recovery occurred in 2021 with an 18.25% increase, but this trend did not persist, as demand fell slightly by 2022 and remained stagnant into 2023 at 52.0 thousand metric tons. The compound annual growth rate (CAGR) for the last 5 years stands at -1.47%, reflecting a consistent decrease in demand.
Looking forward, the forecast from 2024 to 2028 predicts a continual decline in demand, with a 5-year CAGR of -1.39%, resulting in a projected demand of 47.4 thousand metric tons by 2028. This forecasted decline equates to a total decrease of 6.75% over the next five years.
Future trends to watch for include potential shifts in consumer preferences toward other protein sources, economic factors affecting meat consumption, and possible impacts of marketing and product positioning of mutton and goat meat within Argentina.
