Since 2013, the yield of oil crops in Argentina has shown a general upward trend, despite some fluctuations. In 2023, the yield stood at 31.61 Thousand Hectograms Per Hectare, representing a 1.33% increase from 2022. Over the past five years, the yield has grown at a compound annual growth rate (CAGR) of approximately 1.04%. Key periods of growth include significant increases in 2015 and 2019. Future projections suggest continued moderate growth with a forecasted CAGR of 1.04% through 2028.
Key future trends to watch for:
- Technological advancements in agricultural practices
- Climate change impacts and adaptability
- Market demand fluctuations and global trade policies
