Between 2013 and 2023, the arable and permanent cropland agricultural area in Argentina decreased from 40.39 million hectares to 32.89 million hectares, reflecting a consistent downward trend. The year-on-year variations display an average annual decrease of around 0.66% from 2022 to 2023, aligning with the overall decline observed over the decade. The compound annual growth rate (CAGR) for the past 5 years stands at -0.48%, indicating a gradual reduction in cropping areas.
Looking ahead to the forecasted periods from 2024 to 2028, the initial projections indicate a continuation of this trend with a forecasted CAGR of -0.56%. By 2028, the expected area under cultivation is set to reach approximately 31.74 million hectares, pointing to an overall 2.78% reduction over the near term.
Future trends to watch for include:
- Technological advancements in cultivation that may mitigate further losses.
- Governmental and policy shifts affecting land use and agricultural practices.
- Environmental changes influencing agricultural productivity and area.
- Market demand for agricultural produce and its impact on land utilization.
