Argentina: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Argentina

The Argentinian concentrated apple juice market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Concentrated Apple Juice Production in Argentina

In value terms, concentrated apple juice production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Concentrated apple juice production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Concentrated Apple Juice Exports

Exports from Argentina

After three years of growth, shipments abroad of concentrated apple juice decreased by -48.8% to X tons in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 116%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concentrated apple juice exports declined sharply to $X in 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 95%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for concentrated apple juice exports from Argentina, with a 81% share of total exports. Moreover, concentrated apple juice exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), ninefold. The third position in this ranking was held by Mexico (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.1% per year) and Mexico (-4.3% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated apple juice exports from Argentina, comprising 72% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Mexico, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.6% per year) and Mexico (-2.6% per year).

Export Prices by Country

The average concentrated apple juice export price stood at $X per ton in 2021, increasing by 39% against the previous year. In general, the export price, however, recorded a noticeable decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Apple Juice Imports

Imports into Argentina

Concentrated apple juice imports into Argentina surged to X tons in 2021, increasing by 418% compared with the year before. In general, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, concentrated apple juice imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of concentrated apple juice to Argentina, accounting for a 78% share of total imports. Moreover, concentrated apple juice imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +15.6%.

In value terms, Brazil ($X) constituted the largest supplier of concentrated apple juice to Argentina, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +14.9%.

Import Prices by Country

In 2021, the average concentrated apple juice import price amounted to $X per ton, falling by -8.9% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.3% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.7%).

Source: IndexBox Platform

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