Agriculture in Argentina Market Size

Argentina Agricultural Market Analysis

The Argentina agriculture market is projected to register a CAGR of 6.9% during the forecast period.

• The cereals and grains are leading in agricultural production followed by oilseeds, cash crops, fruits, and vegetables. Argentina consists of a wheat crop of 21.8 million ton in 2021-22 followed by 19 million ton in 2019-20, which is a 21.9% higher national wheat average yield than the previous year. However, Argentina accounted supply and distribution of oilseeds to be 50.17 million metric ton followed by India and other countries.
• Argentina is a foremost producer of fruits and vegetables such as grapes, bananas, apples, limes and lemons, pears, and onions, garlic, potatoes, tomatoes. The domestic consumption of fresh oranges significantly increased to 10.3 million metric ton in 2021 due to high supply availability and projected demand during a pandemic.
• In 2021, The World Bank approved a USD 400 million loan to implement climate-smart, innovative practices to boost the productivity and competitiveness of agri-food system and green development through investments in climate-resilient infrastructure in Argentina. Finally, the project will seek to support institutional strengthening processes in the National Agricultural Technology Institute (INTA) to promote its leadership in innovation and climate resilience in the agri-food sector.
• Increasing adoption of genetically-modified seeds in Argentina's agriculture market leads to high crop production, thereby boost high adoption of loan facilities among small and marginal farmers and investments in export & import scenario. The high growth potential of agricultural exports is driving the growth of the market and Coffee and soy-based crops play a key role in the country's agriculture market which will drive the market during the coming years.