Argentina: Butter Market 2025

Butter Market Size in Argentina

In 2022, the Argentinian butter market decreased by -10% to $X, falling for the eighth year in a row after three years of growth. Over the period under review, consumption recorded a abrupt descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Butter Production in Argentina

In value terms, butter production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 15%. Butter production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Butter Exports

Exports from Argentina

In 2022, overseas shipments of butter increased by 18% to X tons, rising for the fifth year in a row after five years of decline. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 81% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, butter exports soared to $X in 2022. Overall, exports recorded measured growth. The pace of growth appeared the most rapid in 2019 with an increase of 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons), Saudi Arabia (X tons) and Bahrain (X tons) were the main destinations of butter exports from Argentina, together comprising 74% of total exports. Brazil, Tunisia, Taiwan (Chinese) and Morocco lagged somewhat behind, together comprising a further 24%.

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 +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Saudi Arabia ($X) and Bahrain ($X) were the largest markets for butter exported from Argentina worldwide, with a combined 74% share of total exports. Brazil, Tunisia, Taiwan (Chinese) and Morocco lagged somewhat behind, together comprising a further 24%.

Tunisia, with a CAGR of +38.9%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average butter export price amounted to $X per ton, picking up by 24% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter export price increased by +33.3% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average 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 Taiwan (Chinese) ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Bahrain ($X per ton) and Brazil ($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 Saudi Arabia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Butter Imports

Imports into Argentina

In 2022, imports of butter into Argentina dropped to X tons, with a decrease of -12.5% on the year before. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 204,945%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, butter imports soared to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 40,660%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest butter supplier to Argentina, with a 69% share of total imports. Moreover, butter imports from Uruguay exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Uruguay amounted to -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.1% per year) and Brazil (-74.8% per year).

In value terms, the largest butter suppliers to Argentina were Uruguay ($X), France ($X) and Brazil ($X), with a combined 99% share of total imports.

Among the main suppliers, France, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average butter import price amounted to $X per ton, jumping by 42% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. 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 Brazil (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :