Agriculture Market In Argentina Market Size (2024 - 2029)

Argentina Agriculture Market Analysis

The Agriculture In Argentina Market size is estimated at USD 24.10 billion in 2024, and is expected to reach USD 28.30 billion by 2029, growing at a CAGR of 3.20% during the forecast period (2024-2029).

• Agricultural exports are crucial to Argentina's economy, constituting a quarter of the nation's total exports. Ranking as the world's 10th largest exporter of agri-food products, Argentina's agricultural sector stands as the country's primary income source. This sector employs over a third of the labor force (including indirect employment) and contributes around 8.3% to the GDP, which rises to 20% when considering the entire value chain. Argentina's agricultural landscape is dominated by soybeans, corn, and wheat, alongside significant production of fruits and vegetables.
• Cereals and grains are leaders in terms of agricultural production, followed by oilseeds, cash crops, fruits, and vegetables. Argentina's wheat crop production was 17.6 million metric tons in 2021, which increased to 22.2 million metric tons in 2022. Argentina is the foremost producer of fruits and vegetables, such as grapes, bananas, apples, limes and lemons, pears, onions, garlic, potatoes, and tomatoes. According to USDA, the domestic consumption of fresh oranges was 608,000 MT in 2023, up 64% from the previous year due to high supply availability.
• 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 systems and green development through investments in climate-resilient infrastructure in Argentina. 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. Furthermore, the increasing adoption of genetically modified seeds in Argentina's agriculture market is leading to high crop production, thereby boosting the adoption of loan facilities among small and marginal farmers and investments in export and import scenarios.

Argentina Agriculture Industry Segmentation

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.