In 2023, the per capita volume of soybean oil in Argentina stood at 2.57 kilograms. Forecasted data for 2024 to 2028 indicate a gradual decline from 2.56 kilograms in 2024 to 2.54 kilograms in 2028. Year-on-year variation shows no change between 2024 and 2025, a 0.39% decrease from 2025 to 2026, another 0.39% decrease from 2026 to 2027, and a further 0.39% decline from 2027 to 2028. Over the last two years, the variation indicates a slight downward trend, while the compounded annual growth rate (CAGR) over five years shows a modest average annual decrease.
Future trends to watch for:
- Monitor shifts in consumer preferences towards healthier oils which may further reduce soybean oil consumption.
- Changes in agricultural policies and trade regulations impacting local soybean oil production and import/export dynamics.
- Developments in soybean oil biofuel applications that could influence market volumes.
- Economic factors affecting disposable income and consequently per capita consumption of soybean oil.
