Argentina: Butter And Ghee Market 2024

Butter And Ghee Market Size in Argentina

The Argentinian butter and ghee market fell sharply to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a notable expansion. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Butter And Ghee Production in Argentina

In value terms, butter and ghee production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Butter And Ghee Exports

Exports from Argentina

In 2022, exports of butter and ghee from Argentina surged to X tons, growing by X% against the year before. Overall, exports enjoyed a modest increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, butter and ghee exports surged to $X in 2022. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Saudi Arabia (X tons) and Brazil (X tons) were the main destinations of butter and ghee exports from Argentina, together accounting for X% of total exports. Bahrain, Algeria, Mexico and Tunisia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Saudi Arabia ($X) and Brazil ($X) were the largest markets for butter and ghee exported from Argentina worldwide, together comprising X% of total exports. Bahrain, Algeria, Mexico and Tunisia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Tunisia, with a CAGR of X%, saw 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 butter and ghee export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($X per ton) and Mexico ($X per ton), while the average price for exports to Bahrain ($X per ton) and Tunisia ($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 Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Argentina

In 2022, imports of butter and ghee into Argentina declined to X tons, reducing by X% on 2021. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, butter and ghee imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest butter and ghee supplier to Argentina, accounting for a X% share of total imports. Moreover, butter and ghee imports from Uruguay exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

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

In value terms, the largest butter and ghee suppliers to Argentina were Uruguay ($X), France ($X) and Brazil ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a deep slump. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :