The vegetable oils market in Argentina has shown fluctuating trends over the last decade. As of 2023, the market size stands at 645.0 thousand metric tons, which marks a minimal year-on-year increase of 0.16%. This follows a period of modest recovery with a 5.26% year-on-year increase in 2021. Over the past five years, the market has experienced a slight annual decline, with a CAGR of -0.43%.
Significant variations have been observed: a notable decline of 4.85% in 2020, substantial recovery with a 9.29% increase in 2018, and a consistent market size in 2022 and 2023. The long-term trend indicates gradual growth from 2024 to 2028, with a forecasted CAGR of 0.06% and an overall growth rate of 0.29%.
Future trends to watch for include potential shifts in agricultural policies, trade agreements affecting exports/imports, and emerging technologies in sustainable vegetable oil production that could impact the market dynamics in Argentina. Continued monitoring of global vegetable oil prices and domestic demand will also be key.
