Argentina: Groundnuts Market 2025

Groundnuts Market Size in Argentina

The Argentinian groundnuts market fell to $X in 2022, dropping by -3.5% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.9% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Groundnuts Production in Argentina

In value terms, groundnuts production dropped to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 120%. Groundnuts production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of ground-nut (in-shell) in Argentina rose notably to X tons per ha, picking up by 5.2% compared with the year before. In general, the yield indicated a perceptible increase from 2012 to 2022: its figure increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts yield decreased by -5.1% against 2020 indices. The pace of growth was the most pronounced in 2019 when the yield increased by 66% against the previous year. Over the period under review, the average groundnuts yield reached the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ground-nut (in-shell) were harvested in Argentina; shrinking by -4.3% on the year before. The harvested area increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 33%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the groundnuts harvested area remained at a somewhat lower figure.

Groundnuts Exports

Exports from Argentina

In 2022, after three years of growth, there was significant decline in shipments abroad of ground-nut (in-shell), when their volume decreased by -31.3% to X tons. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 435% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, groundnuts exports declined significantly to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by 242% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Finland (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of groundnuts exports from Argentina, together comprising 24% of total exports. Sweden, Ireland, Slovakia, Luxembourg, Romania, the Czech Republic, Canada, North Macedonia and Serbia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +35.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for groundnuts exported from Argentina were the UK ($X), Finland ($X) and the Netherlands ($X), together accounting for 21% of total exports. Luxembourg, Romania, Sweden, Canada, Slovakia, the Czech Republic, Ireland, Serbia and North Macedonia lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Sweden, with a CAGR of +43.9%, recorded the highest rates of growth with regard to 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

The average groundnuts export price stood at $X per ton in 2022, growing by 14% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts export price increased by +38.9% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform

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