Milk production at farm gate in Argentina experienced significant fluctuations from 2013 to 2023, peaking in 2013 and 2015 with values over €3 billion. A notable drop occurred in 2016, followed by a period of recovery and stabilization. By 2023, production stood at €2.7 billion, reflecting a year-on-year increase of 0.45% and a five-year CAGR of 3.13%. Forecast data from 2024 to 2028 suggest a modest upward trend with an anticipated five-year CAGR of 0.29%, leading to a total growth rate of 1.45% over this period.
Future trends to watch for include:
- Economic and climatic conditions impacting dairy farming.
- Technological advancements in farming practices.
- Global and regional demand shifts for dairy products.
