Argentina: Cheese And Curd Market 2024

Cheese And Curd Market Size in Argentina

The Argentinian cheese and curd market dropped modestly to $X in 2022, with a decrease of -3.5% against the previous year. In general, consumption recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Cheese And Curd Production in Argentina

In value terms, cheese and curd production contracted slightly to $X in 2022 estimated in export price. In general, production saw a pronounced downturn. The pace of growth appeared the most rapid in 2014 with an increase of 6.7%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Cheese And Curd Exports

Exports from Argentina

In 2022, the amount of cheese and curd exported from Argentina soared to X tons, picking up by 20% on 2021 figures. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when exports increased by 22%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cheese and curd exports skyrocketed to $X in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), Chile (X tons) and Russia (X tons) were the main destinations of cheese and curd exports from Argentina, with a combined 76% share of total exports. Taiwan (Chinese), Uruguay, Paraguay, Peru and the United States lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of +19.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese and curd exported from Argentina were Brazil ($X), Chile ($X) and Russia ($X), with a combined 76% share of total exports. Taiwan (Chinese), Paraguay, Uruguay, Peru and the United States lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Uruguay, with a CAGR of +19.1%, saw the highest growth rate of 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

In 2022, the average cheese and curd export price amounted to $X per ton, surging by 12% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Russia ($X per ton), while the average price for exports to Uruguay ($X per ton) and Chile ($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 Russia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cheese And Curd Imports

Imports into Argentina

In 2022, overseas purchases of cheese and curd increased by 71% to X tons, rising for the second consecutive year after three years of decline. Overall, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 145%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cheese and curd imports soared to $X in 2022. Over the period under review, imports enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 148%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest cheese and curd supplier to Argentina, accounting for a 86% share of total imports. Moreover, cheese and curd imports from Uruguay exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sevenfold. The third position in this ranking was held by France (X tons), with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uruguay amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2.4% per year) and France (-3.8% per year).

In value terms, Uruguay ($X) constituted the largest supplier of cheese and curd to Argentina, comprising 84% of total imports. The second position in the ranking was held by Brazil ($X), with a 12% share of total imports. It was followed by France, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Uruguay amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.0% per year) and France (-4.3% per year).

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2022, picking up by 4.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 7.3%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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