Argentina: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Argentina

After two years of decline, the Argentinian preserved belly cut market increased by X% to $X in 2020. Over the period under review, the total consumption indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Preserved Belly Cut Production in Argentina

In value terms, preserved belly cut production amounted to $X in 2020 estimated in export prices. In general, the total production indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Preserved Belly Cut Exports

Exports from Argentina

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, preserved belly cut exports stood at $X in 2020. Overall, exports enjoyed moderate growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Hong Kong SAR (X kg), Russia (X kg) and Paraguay (X kg) were the main destinations of preserved belly cut exports from Argentina.

From 2007 to 2020, the biggest increases were in Hong Kong SAR, while shipments for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X), Russia ($X) and Paraguay ($X) appeared to be the largest markets for preserved belly cut exported from Argentina worldwide.

Hong Kong SAR recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate modest growth. The pace of growth was the most pronounced in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced mixed trend patterns.

Preserved Belly Cut Imports

Imports into Argentina

In 2020, purchases abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third consecutive year after three years of growth. In general, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports declined markedly to $X in 2020. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tons) was the main supplier of preserved belly cut to Argentina, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Spain was relatively modest.

In value terms, Spain ($X) constituted the largest supplier of preserved belly cut to Argentina.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain stood at +X%.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price posted a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to +X% per year.

Source: IndexBox Platform

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