Maize demand in Argentina has observed fluctuating trends over the past decade. Starting at 17.12 million metric tons in 2014, demand saw a dramatic rise in 2017 by 55.81% after a significant dip in 2016. The period from 2018 to 2023 exhibited moderate fluctuations, averaging a yearly increase of approximately 1.99%, with 2023 standing at 21.23 million metric tons. The overall CAGR from 2019 to 2023 was around 1.99%.
Looking ahead, forecasts indicate a steady rise, reaching 22.48 million metric tons by 2028, with an anticipated five-year CAGR of 0.9%, and an overall five-year growth rate of 4.59%. This suggests a stabilization in demand growth.
Future trends to watch for include:
- Impact of climate changes on maize production.
- Government policies affecting agricultural exports.
- Technological advancements in farming techniques.
- Global economic conditions influencing trade dynamics.
