Argentina: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Argentina

The Argentinian grape juice (single strength) market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Grape Juice (Single Strength) in Argentina

In value terms, grape juice (single strength) production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 136% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports from Argentina

In 2021, overseas shipments of grape juice (single strength) increased by 5.4% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, recorded a sharp setback. The pace of growth appeared the most rapid in 2015 with an increase of 3,959% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grape juice (single strength) exports shrank notably to $X in 2021. In general, exports, however, saw a significant contraction. The pace of growth was the most pronounced in 2015 when exports increased by 2,444%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons), Saudi Arabia (X tons) and Chile (X tons) were the main destinations of grape juice (single strength) exports from Argentina, together accounting for 83% of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +314.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for grape juice (single strength) exported from Argentina were Saudi Arabia ($X), Israel ($X) and Jamaica ($X), together comprising 84% of total exports.

Saudi Arabia, with a CAGR of +258.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, falling by -21.6% against the previous year. Overall, the export price, however, recorded moderate growth. The growth pace was the most rapid in 2016 an increase of 106% against the previous year. The export price peaked at $X per ton in 2020, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Chile ($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 Canada (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grape Juice (Single Strength)

Imports into Argentina

In 2021, imports of grape juice (single strength) into Argentina reduced rapidly to X tons, waning by -59.9% on the previous year. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 541% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, grape juice (single strength) imports reduced sharply to $X in 2021. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 411%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Uruguay (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of grape juice (single strength) imports to Argentina, with a combined 91% share of total imports. These countries were followed by Mexico, which accounted for a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +67.5%), while purchases for the other leaders experienced a decline.

In value terms, Uruguay ($X), the United States ($X) and Brazil ($X) were the largest grape juice (single strength) suppliers to Argentina, together comprising 96% of total imports. Mexico lagged somewhat behind, accounting for a further 4.2%.

Mexico, with a CAGR of +22.3%, saw 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 a decline.

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, shrinking by -5.6% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape juice (single strength) import price decreased by -25.4% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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