The domestic consumption of fluid milk in Argentina in 2023 was 11.62 million metric tons. Over the forecast period from 2024 to 2028, consumption is forecasted to exhibit steady growth, rising from 11.67 million metric tons in 2024 to 11.92 million metric tons in 2028. This reflects an average annual growth rate of approximately 0.52%.
Year-on-year percentage variations are as follows:
- 2024: 0.43%
- 2025: 0.51%
- 2026: 0.60%
- 2027: 0.54%
- 2028: 0.51%
The compound annual growth rate (CAGR) over the five-year period is projected to be around 0.52%. This indicates a consistent yet moderate increase in fluid milk demand in Argentina through 2028.
Future trends to watch for include potential impacts of economic conditions on consumer purchasing power, changes in dietary preferences, and government policies affecting the dairy industry. Furthermore, monitoring global dairy market trends and trade agreements could provide additional insight into domestic milk consumption patterns.
