Argentina: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Argentina

The Argentinian sauce and seasoning market rose slightly to $X in 2023, picking up by X% against the previous year. In general, consumption saw a slight setback. Sauce and seasoning consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Argentina

In value terms, sauce and seasoning production rose slightly to $X in 2023 estimated in export price. In general, production saw a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from Argentina

In 2023, exports of sauces and seasonings from Argentina dropped to X tons, falling by X% against 2022 figures. Overall, exports saw a pronounced slump. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, sauce and seasoning exports fell to $X in 2023. Over the period under review, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Chile (X tons) were the main destinations of sauce and seasoning exports from Argentina, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for sauce and seasoning exported from Argentina were Paraguay ($X), Uruguay ($X) and Chile ($X), together comprising X% of total exports.

Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sauce and seasoning export price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Chile ($X per ton) and Uruguay ($X per ton), while the average price for exports to Bolivia ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Argentina

In 2023, after two years of growth, there was significant decline in supplies from abroad of sauces and seasonings, when their volume decreased by X% to X tons. In general, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, sauce and seasoning imports dropped notably to $X in 2023. Overall, imports saw a slight contraction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced markedly in the following year.

Imports by Country

Brazil (X tons), China (X tons) and the United States (X tons) were the main suppliers of sauce and seasoning imports to Argentina, with a combined X% share of total imports. Uruguay, Chile, Mexico and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Uruguay ($X) constituted the largest sauce and seasoning suppliers to Argentina, with a combined X% share of total imports. China, Canada, Mexico and Chile lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average sauce and seasoning import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform