In 2023, wheat consumption in Argentina stood at 6.50 million metric tons. The forecasted data reveals a gradual increase in consumption from 2024 to 2028, with year-on-year variations of approximately 0.6% to 0.7%. Specifically, consumption is expected to rise from 6.53 million metric tons in 2024 to 6.68 million metric tons by 2028. The five-year Compound Annual Growth Rate (CAGR) from 2023-2028 averages to around 0.7% per year.
Future trends to watch for include potential changes in agricultural policies, economic factors affecting consumer purchasing power, and technological advancements in wheat production that could influence both supply and consumption patterns. Additionally, global market trends and climate change impacts could also play a significant role in shaping the domestic wheat consumption forecast for Argentina.
