Argentina Agriculture Market Analysis by Mordor Intelligence
The Agriculture Market in Argentina is estimated at USD 26.20 billion in 2025, and is anticipated to reach USD 30.37 billion by 2030, at a CAGR of 3% during the forecast period. Argentina's agricultural sector shows growth potential driven by strong exports, domestic demand for premium crops, and reduced export taxes implemented in January 2025.[1]USDA FAS While oilseeds remain the primary revenue source, emerging segments like blueberries and bio-inputs indicate a shift toward higher-margin and sustainable production methods. The government's fertilizer deregulation and USD 575 million in multilateral funding support investments in infrastructure, technology, and sustainability initiatives. The corn stunt disease outbreak has prompted farmers to increase soybean and sunflower cultivation. Despite challenges from currency fluctuations and drought risks, the fragmented market structure presents opportunities for consolidation and value chain innovations.
Key Report Takeaways
- Cereals accounted for 64.2% of production volume share in 2023, as per FAOSTAT, followed by oilseeds and fruits.
Argentina Agriculture Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Expanding global demand for soybean and corn exports | +1.2% | China, EU, Southeast Asia | Medium term (2-4 years) |
| Health-conscious domestic demand for fruits and vegetables | +0.5% | Urban centers nationwide | Short term (≤ 2 years) |
| Favorable government incentives and export-tax reforms | +0.8% | National | Short term (≤ 2 years) |
| Emerging soil-carbon off-set revenue streams | +0.3% | Buenos Aires, Córdoba, Santa Fe | Long term (≥ 4 years) |
| Rapid scale-up of bio-input innovations | +0.4% | Pampas region | Medium term (2-4 years) |
| Multilateral funding for climate-smart agriculture | +0.6% | Drought-prone regions | Medium term (2-4 years) |
Source: Mordor Intelligence
Expanding Global Demand for Soybean and Corn Exports
Argentina's soybean crush is anticipated to reach 42.4 million metric tons in 2024, representing a 37% increase from 2023, restoring the country's position as the leading exporter of soybean meal and oil. Chinese importers have increased their purchases of Argentine soybeans due to geopolitical concerns, reducing the United States' share of China's soybean imports from 51% in 2009 to less than 25% in recent years. Argentine exporters have secured early-season cargo bookings through competitive pricing, the January 2025 export-tax reduction, and favorable freight rates, resulting in improved port efficiency and crush margins. Export opportunities have expanded due to increased European Union demand for sustainable feed ingredients. The January 2025 shipment volumes increased by 25% compared to the previous year, demonstrating the strength of Argentina's agricultural exports. The market shows potential for continued growth as Asian feed demand increases and trade partners expand their supply sources.
Health-Conscious Domestic Demand for Fruits and Vegetables
Argentine consumers are increasingly conscious of produce origins, with 60% checking sources and two-thirds favoring local options. Urban consumers associate shorter supply chains with freshness and reduced environmental impact, which has increased per-capita fruit and vegetable consumption post-pandemic. While 80% of produce travels more than 50 km to market, the growing adoption of "Km 0" labels has prompted regional aggregation hubs to reduce transportation costs. The fruit sector generated USD 1.672 billion in export earnings during H1 2023, ranking third among exports, with the United States and Brazil as primary destinations. The Argentina agriculture market is positioned to capitalize on health-conscious consumption through supply-chain improvements, cold-chain infrastructure, and digital traceability systems.
Favorable Government Incentives and Export-Tax Reforms
In January 2025, the government reduced export taxes on soybeans, corn, and wheat until June 30, 2025, and eliminated taxes on sugar and peanuts. This tax reduction improved producer returns, reduced farm liquidity constraints, and increased forward sales before harvest. The Buenos Aires Grain Exchange revised wheat production estimates for the 2025 season to 20.5 million metric tons, citing expanded planting area and increased use of certified seeds. Additionally, a May 2025 decree eliminated fertilizer registration fees and granted permanent product approvals, facilitating faster distribution of crop nutrients. These policy changes reduced input costs and accelerated technology adoption in Argentina's agricultural market.
Multilateral Funding for Climate-Smart Agriculture
The World Bank provided a USD 400 million loan and a USD 75 million Global Agriculture and Food Security Program facility to support irrigation, rural roads, and risk-management tools. Additionally, the World Bank Group announced a USD 12 billion support package in April 2025, with USD 5 billion allocated for private agribusiness investment projects. The Inter-American Development Bank contributed USD 100 million for rural infrastructure development, focusing on credit and knowledge distribution in drought-prone regions. These investments, representing approximately 2% of Argentina's agricultural market size, target increased productivity and reduced emissions.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Severe weather volatility and drought-driven crop losses | -1.2% | Pampas region | Medium term (2-4 years) |
| Input-cost inflation and peso currency instability | -0.8% | National | Short term (≤ 2 years) |
| Corn-stunt disease and pest-resistance hotspots | -0.6% | Central cropland | Short term (≤ 2 years) |
| Concentration of agro-input suppliers limiting smallholders | -0.4% | Family farms nationwide | Long term (≥ 4 years) |
Source: Mordor Intelligence
Severe Weather Volatility and Drought-Driven Crop Losses
Climate models indicate that drought may reduce Argentina's GDP by 4% by 2050, while flooding currently causes annual losses of USD 1.4 billion. The drought in 2023 reduced major crop production by 45%, resulting in a USD 20 billion loss in agricultural revenue. Weather forecasts predict dry conditions in January 2025 due to a weak La Nina pattern, threatening potential record crop yields. The government's Integral Plan Argentina Irrigada aims to expand irrigated land by 90% through 95 infrastructure projects. Irregular rainfall patterns and increasing heat stress remain significant risks for Argentina's agricultural market.
Corn-Stunt Disease and Pest-Resistance Hotspots
Corn stunt disease reduced Argentina's 2024 corn production by 3 million metric tons, resulting in farmers converting 4 million acres from corn to soybean cultivation. The disease caused complete yield losses in some fields as leafhoppers spread the infection into central provinces. The Buenos Aires Grain Exchange revised its 2024-25 corn production forecast to 46.5 million metric tons. While research into biological control methods, including Cordyceps javanica applications, shows potential, implementation at a commercial scale remains pending. The Argentine agriculture market faces continued production and revenue uncertainty until comprehensive, integrated pest management solutions are developed.
Geography Analysis
Argentina has 37.5 million hectares of cultivated land, with the provinces of Buenos Aires, Córdoba, and Santa Fe accounting for over 75% of oilseed and cereal production. According to the USDA Commodity Intelligence Report 2024, Buenos Aires province produces approximately 50% of the country's wheat, followed by Santa Fe (18%) and Córdoba (13%). Tucumán is the primary sugarcane-growing region, where the crop offers higher profitability compared to alternatives.
Entre Ríos specializes in blueberry exports due to its early harvest season and strategic location near river ports. The northern provinces of Chaco, Santa Fe, and Santiago del Estero are the primary cotton-producing regions, thanks to their favorable temperature conditions. Climate changes have impacted agricultural patterns, notably with the corn stunt disease spreading from northern to central regions, resulting in reduced yields and increased soybean cultivation.
Favorable weather conditions in late 2024 increased soil moisture levels, leading to higher soybean and corn futures prices. A weak La Nina pattern indicates possible dry conditions in early 2025. The Argentina Irrigada program plans to implement 95 irrigation projects across the country, which will expand the irrigated area by 90% and lower the dependence on rainfall.[2]unav.edu These infrastructure developments are anticipated to stabilize agricultural production in key regions and expand the Argentina agriculture market.
Recent Industry Developments
- April 2025: The World Bank Group unveiled a USD 12 billion package for Argentina, allocating USD 5 billion to infrastructure, critical minerals, and agribusiness.
- October 2024: Argentina introduced a credit instrument called "Pagaré Valor Producto," which enables farmers to acquire agricultural inputs and machinery through promissory notes linked to soybean values. The program, supported by the Rosario Stock Exchange, helps farmers manage financial risk by facilitating commodity-based payments.
- August 2023: The Minister of Agriculture and Livestock unveiled the Crop Plan, channeling USD 66.4 billion to bolster domestic agricultural output. This Crop Plan emphasizes environmentally sustainable production systems. It also introduced reduced interest rates for pasture recovery and incentives for rural producers embracing sustainable agricultural practices.
Argentina Agriculture Market Report Scope
Agriculture is the art and science of cultivating the soil, growing crops, and raising livestock. The scope does not include agricultural products processed in any form, such as frozen, freeze-dried, cooked, or canned food.
The Argentine agricultural market is segmented by type (cereals and grains, oilseeds, fruits, vegetables, cash crops, and turf and ornamentals). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The market sizes and forecasts are provided in terms of both value (USD) and volume (metric tons) for all the above segments.
| By Crop Type (Value and Volume) | Cereals and Grains | Production Analysis (Volume) | |
| Consumption Analysis (Volume and Value) | |||
| Import Analysis (Volume and Value) | |||
| Export Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Oilseeds and Pulses | Production Analysis (Volume) | ||
| Consumption Analysis (Volume and Value) | |||
| Import Analysis (Volume and Value) | |||
| Export Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Fruits | Production Analysis (Volume) | ||
| Consumption Analysis (Volume and Value) | |||
| Import Analysis (Volume and Value) | |||
| Export Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Vegetables | Production Analysis (Volume) | ||
| Consumption Analysis (Volume and Value) | |||
| Import Analysis (Volume and Value) | |||
| Export Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Cash Crops | Production Analysis (Volume) | ||
| Consumption Analysis (Volume and Value) | |||
| Import Analysis (Volume and Value) | |||
| Export Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| Turf and Ornamentals | Production Analysis (Volume) | ||
| Consumption Analysis (Volume and Value) | |||
| Import Analysis (Volume and Value) | |||
| Export Analysis (Volume and Value) | |||
| Price Trend Analysis | |||
| By Province | Buenos Aires | ||
| Cordoba | |||
| Santa Fe | |||
| Entre Rios | |||
| La Pampa | |||
By Crop Type (Value and Volume)
| Cereals and Grains | Production Analysis (Volume) |
| Consumption Analysis (Volume and Value) | |
| Import Analysis (Volume and Value) | |
| Export Analysis (Volume and Value) | |
| Price Trend Analysis | |
| Oilseeds and Pulses | Production Analysis (Volume) |
| Consumption Analysis (Volume and Value) | |
| Import Analysis (Volume and Value) | |
| Export Analysis (Volume and Value) | |
| Price Trend Analysis | |
| Fruits | Production Analysis (Volume) |
| Consumption Analysis (Volume and Value) | |
| Import Analysis (Volume and Value) | |
| Export Analysis (Volume and Value) | |
| Price Trend Analysis | |
| Vegetables | Production Analysis (Volume) |
| Consumption Analysis (Volume and Value) | |
| Import Analysis (Volume and Value) | |
| Export Analysis (Volume and Value) | |
| Price Trend Analysis | |
| Cash Crops | Production Analysis (Volume) |
| Consumption Analysis (Volume and Value) | |
| Import Analysis (Volume and Value) | |
| Export Analysis (Volume and Value) | |
| Price Trend Analysis | |
| Turf and Ornamentals | Production Analysis (Volume) |
| Consumption Analysis (Volume and Value) | |
| Import Analysis (Volume and Value) | |
| Export Analysis (Volume and Value) | |
| Price Trend Analysis |
By Province
| Buenos Aires |
| Cordoba |
| Santa Fe |
| Entre Rios |
| La Pampa |
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Key Questions Answered in the Report
What is the current size of the Argentina agriculture market?
The Argentina agriculture market size is USD 26.20 billion in 2025 and is projected to reach USD 30.37 billion by 2030 at a 3.0% CAGR.
How are recent export-tax reforms affecting farmers?
The January 2025 reduction in export taxes increased netbacks for soybeans, corn, and wheat, improving on-farm profitability and stimulating higher planting intentions.
How significant is multilateral funding for sector growth?
More than USD 575 million from the World Bank and other lenders is earmarked for climate-smart agriculture, irrigation, and rural infrastructure, supporting productivity gains and market expansion
