Argentina: Oleo Oils Market 2025

Oleo Oils Market Size in Argentina

In 2021, the Argentinian oleo oils market increased by 3.7% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a mild shrinkage. Oleo oils consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Oleo Oils Production in Argentina

In value terms, oleo oils production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Oleo Oils Exports

Exports from Argentina

In 2021, shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -25.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of 266%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, oleo oils exports shrank sharply to $X in 2021. Overall, exports saw a mild reduction. The growth pace was the most rapid in 2018 when exports increased by 161% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Uruguay (X tons) was the main destination for oleo oils exports from Argentina, accounting for a 84% share of total exports. Moreover, oleo oils exports to Uruguay exceeded the volume sent to the second major destination, Nigeria (X tons), more than tenfold. Aruba (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay amounted to +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-23.2% per year) and Aruba (+36.6% per year).

In value terms, the largest markets for oleo oils exported from Argentina were Uruguay ($X), Aruba ($X) and Nigeria ($X), with a combined 98% share of total exports. These countries were followed by Chile, which accounted for a further 1.8%.

Chile, with a CAGR of +654.0%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average oleo oils export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Aruba ($X per ton), while the average price for exports to Nigeria ($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 Chile (+57.4%), while the prices for the other major destinations experienced mixed trend patterns.

Oleo Oils Imports

Imports into Argentina

In 2021, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imported into Argentina declined to X tons, falling by -9.4% on the previous year's figure. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 820%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, oleo oils imports fell remarkably to $X in 2021. In general, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 789% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main oleo oils supplier to Argentina, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +14.3%.

In value terms, the United States ($X) constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Argentina.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +1.5%.

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, shrinking by -33.6% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of less than 0.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -11.2% per year.

Source: IndexBox Platform

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