Barley beer production in Argentina stood at 2.0582 million metric tons in 2023. Analyzing year-on-year variations shows a pattern of fluctuations with an overall growth tendency. Over the last two actual years, production increased by 1.48% in 2022 and 1.43% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years stood at 1.46%, reflecting a moderate steady growth in production volume.
Looking towards the future, the forecasted data suggests a consistent growth trend with a 1.12% forecasted CAGR over the next five years, leading to a 5.74% cumulative increase by 2028. The projected production volume for 2028 is estimated to reach 2.21 million metric tons.
Future trends to watch for include:
- Sustainability practices within barley beer production.
- Impact of climate change on barley yields.
- Shifts in consumer preferences towards craft and specialty beers.
- Potential regulatory changes affecting the agricultural and brewing sectors.
