Argentina: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Argentina

The Argentinian beet-pulp and bagasse market reached $X in 2022, picking up by 2% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.9% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Beet-Pulp And Bagasse Production in Argentina

In value terms, beet-pulp and bagasse production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.1% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by 35% against the previous year. Beet-pulp and bagasse production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports from Argentina

Beet-pulp and bagasse exports from Argentina dropped dramatically to X tons in 2022, which is down by -22.6% on the year before. Overall, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 889%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, beet-pulp and bagasse exports fell notably to $X in 2022. Over the period under review, exports faced a deep contraction. The growth pace was the most rapid in 2021 with an increase of 891%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for beet-pulp and bagasse exports from Argentina, with a 77% share of total exports. Moreover, beet-pulp and bagasse exports to Chile exceeded the volume sent to the second major destination, Ecuador (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at -36.5%.

In value terms, Ecuador ($X) remains the key foreign market for beet-pulp and bagasse exports from Argentina, comprising 77% of total exports. The second position in the ranking was held by Chile ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ecuador amounted to -7.7%.

Export Prices by Country

In 2022, the average beet-pulp and bagasse export price amounted to $X per ton, shrinking by -28.9% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2020 an increase of 254%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+15.5%).

Beet-Pulp And Bagasse Imports

Imports into Argentina

For the third year in a row, Argentina recorded growth in purchases abroad of beet-pulp and bagasse, which increased by 5.3% to X tons in 2022. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, beet-pulp and bagasse imports soared to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of beet-pulp and bagasse imports to Argentina, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), the United States ($X) and Mexico ($X) were the largest beet-pulp and bagasse suppliers to Argentina, with a combined 92% share of total imports.

Among the main suppliers, the United States, with a CAGR of +33.4%, saw the highest rates of growth with regard to 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 2022, the average beet-pulp and bagasse import price amounted to $X per ton, increasing by 40% against the previous year. Over the last decade, it increased at an average annual rate of +5.0%. 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 Mexico ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%).

Source: IndexBox Platform

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