Argentina: Canned Food Market 2024

Canned Food Market Size in Argentina

The Argentinian canned food market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Canned Food Production in Argentina

In value terms, canned food production rose to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. Canned food production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Canned Food Exports

Exports from Argentina

In 2021, approx. X tons of canned food were exported from Argentina; waning by -21.5% on 2020. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 16% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned food exports shrank dramatically to $X in 2021. Over the period under review, exports recorded a abrupt descent. The smallest decline of -0.8% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Hong Kong SAR (X tons) and Peru (X tons) were the main destinations of canned food exports from Argentina, with a combined 81% share of total exports. Uruguay, Thailand, Chile and Paraguay lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +28.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Brazil ($X) and Thailand ($X) constituted the largest markets for canned food exported from Argentina worldwide, with a combined 75% share of total exports.

Among the main countries of destination, Thailand, with a CAGR of +28.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average canned food export price amounted to $X per ton, increasing by 4.4% against the previous year. In general, the export price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Brazil ($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 Venezuela (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Argentina

In 2021, overseas purchases of canned food increased by 5.4% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 37%. 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, canned food imports stood at $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 42%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest canned food supplier to Argentina, with a 47% share of total imports. Moreover, canned food imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Indonesia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and Indonesia (-9.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of canned food to Argentina, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Indonesia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.9% per year) and Indonesia (-4.6% per year).

Import Prices by Country

The average canned food import price stood at $X per ton in 2021, shrinking by -2.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 6.4% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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