Argentina: Dried Grapes Market 2024

Dried Grapes Market Size in Argentina

The Argentinian dried grapes market reached $X in 2022, with an increase of 12% against the previous year. Over the period under review, consumption posted a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Dried Grapes Production in Argentina

In value terms, dried grapes production dropped to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 31%. Dried grapes production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Dried Grapes Exports

Exports from Argentina

In 2022, overseas shipments of dried grapes decreased by -18.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 82%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, dried grapes exports declined to $X in 2022. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 63%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for dried grapes exports from Argentina, accounting for a 71% share of total exports. Moreover, dried grapes exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was taken by Peru (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.9% per year) and Peru (+13.6% per year).

In value terms, Brazil ($X) remains the key foreign market for dried grapes exports from Argentina, comprising 70% of total exports. The second position in the ranking was taken by the United States ($X), with a 9% share of total exports. It was followed by Peru, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.9% per year) and Peru (+9.9% per year).

Export Prices by Country

In 2022, the average dried grapes export price amounted to $X per ton, increasing by 19% against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. 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 failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Colombia ($X per ton) and the United States ($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 the United States (-1.9%), while the prices for the other major destinations experienced a decline.

Dried Grapes Imports

Imports into Argentina

In 2022, after two years of growth, there was significant decline in supplies from abroad of dried grapes, when their volume decreased by -31.5% to X tons. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 924%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, dried grapes imports declined significantly to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 474%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of dried grapes to Argentina, with a 67% share of total imports. Moreover, dried grapes imports from South Africa exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Iran (X tons) ranked third in terms of total imports with a 12% share.

From 2013 to 2022, the average annual growth rate of volume from South Africa totaled +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.2% per year) and Iran (+12.0% per year).

In value terms, South Africa ($X) constituted the largest supplier of dried grapes to Argentina, comprising 56% of total imports. The second position in the ranking was held by India ($X), with a 26% share of total imports. It was followed by Iran, with a 17% share.

From 2013 to 2022, the average annual growth rate of value from South Africa amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.9% per year) and Iran (+13.8% per year).

Import Prices by Country

The average dried grapes import price stood at $X per ton in 2022, surging by 12% against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of 150% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a 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 Iran ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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