The centrifugal raw sugar production in Argentina has experienced a series of fluctuations from 2013 onwards, peaking in 2014 at 2.192 million metric tons and steadily declining to 1.8077 million metric tons in 2023. Year-on-year variations over the last two years show a decrease of -0.74% in 2022 and -0.73% in 2023. The compound annual growth rate (CAGR) over the last five years prior to 2024 was -0.46%, indicating a slight decline in production.
Future trends to watch for:
- The forecasted data suggest a continued decline in production with a 5-year CAGR of -0.62% from 2024 to 2028.
- Monitoring environmental and economic factors that could impact sugar production will be crucial for assessing future output levels.
- Technological advancements in agriculture could potentially counter the declining trend and improve yields.
