Argentina: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian non-wheat groats market, when its value increased by 12% to $X. Overall, consumption showed a pronounced setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Non-Wheat Groats Production in Argentina

In value terms, non-wheat groats production surged to $X in 2021 estimated in export price. In general, production showed a mild shrinkage. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Wheat Groats Exports

Exports from Argentina

In 2021, shipments abroad of groats and meal of cereals (excluding wheat) decreased by -27.5% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 445%. As a result, the exports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, non-wheat groats exports reduced notably to $X in 2021. Overall, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 176%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Malaysia (X tons) was the main destination for non-wheat groats exports from Argentina, accounting for a 60% share of total exports. It was followed by Chile (X tons), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-2.6% per year) and Saudi Arabia (-97.8% per year).

In value terms, Malaysia ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Argentina, comprising 49% of total exports. The second position in the ranking was held by Chile ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-3.4% per year) and Saudi Arabia (-96.7% per year).

Export Prices by Country

In 2021, the average non-wheat groats export price amounted to $X per ton, rising by 9.1% against the previous year. Overall, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.1%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Malaysia ($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 Saudi Arabia (+46.2%), while the prices for the other major destinations experienced a decline.

Non-Wheat Groats Imports

Imports into Argentina

In 2021, after two years of growth, there was significant decline in supplies from abroad of groats and meal of cereals (excluding wheat), when their volume decreased by -29% to X tons. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 402% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat groats imports soared to $X in 2021. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 472%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest non-wheat groats supplier to Argentina, accounting for a 80% share of total imports. Moreover, non-wheat groats imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Brazil (X kg), sixfold. Poland (X kg) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+325.4% per year) and Poland (-4.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Argentina, comprising 68% of total imports. The second position in the ranking was taken by Brazil ($X), with a 25% share of total imports. It was followed by Poland, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+168.4% per year) and Poland (+18.5% per year).

Import Prices by Country

In 2021, the average non-wheat groats import price amounted to $X per ton, picking up by 75% against the previous year. In general, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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