Argentina: Cereal Market 2024

Cereal Market Size in Argentina

In 2022, after two years of growth, there was significant decline in the Argentinian cereal market, when its value decreased by X% to $X. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cereal Production in Argentina

In value terms, cereal production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The average yield of cereals in Argentina amounted to X tons per ha in 2022, remaining constant against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average cereal yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereals production in Argentina dropped modestly to X ha, almost unchanged from the previous year. Over the period under review, the total harvested area indicated moderate growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal harvested area increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cereal production attained the peak figure at X ha in 2021, and then dropped slightly in the following year.

Cereal Exports

Exports from Argentina

In 2022, cereal exports from Argentina expanded sharply to X tons, picking up by X% on the previous year's figure. Overall, exports recorded measured growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cereal exports soared to $X in 2022. Over the period under review, exports saw a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), Brazil (X tons) and South Korea (X tons) were the main destinations of cereal exports from Argentina, together accounting for X% of total exports. China, Peru, Algeria, Malaysia, Egypt, Saudi Arabia, Chile, Indonesia, Morocco and Colombia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Vietnam ($X) and South Korea ($X) appeared to be the largest markets for cereal exported from Argentina worldwide, with a combined X% share of total exports. China, Peru, Algeria, Malaysia, Chile, Indonesia, Saudi Arabia, Egypt, Morocco and Colombia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cereal export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($X per ton) and Colombia ($X per ton), while the average price for exports to Egypt ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Argentina

In 2022, overseas purchases of cereals decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, cereal imports surged to $X in 2022. Over the period under review, imports, however, enjoyed tangible growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of cereal to Argentina, accounting for a X% share of total imports. Moreover, cereal imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cereals to Argentina, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the average cereal import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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