Argentina: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Argentina

The Argentinian lettuce and chicory market declined markedly to $X in 2022, with a decrease of -29.6% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lettuce And Chicory Production in Argentina

In value terms, lettuce and chicory production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average lettuce and chicory yield in Argentina stood at less than X kg per ha, standing approx. at 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lettuce and chicory production in Argentina amounted to less than X ha, remaining relatively unchanged against 2021. In general, the harvested area saw a relatively flat trend pattern.

Lettuce And Chicory Exports

Exports from Argentina

Lettuce and chicory exports from Argentina surged to X tons in 2022, with an increase of 77% against 2021 figures. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,951%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, lettuce and chicory exports reduced to $X in 2022. Over the period under review, exports showed mild growth. The most prominent rate of growth was recorded in 2019 when exports increased by 129% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Paraguay (X tons) was the main destination for lettuce and chicory exports from Argentina, accounting for a 85% share of total exports. Moreover, lettuce and chicory exports to Paraguay exceeded the volume sent to the second major destination, Brazil (X tons), sixfold. Uruguay (X tons) ranked third in terms of total exports with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+15.6% per year) and Uruguay (-16.9% per year).

In value terms, Brazil ($X), Paraguay ($X) and Uruguay ($X) were the largest markets for lettuce and chicory exported from Argentina worldwide, together accounting for 98% of total exports.

Among the main countries of destination, Paraguay, with a CAGR of +10.6%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average lettuce and chicory export price amounted to $X per ton, declining by -44.3% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 315%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Paraguay ($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 Chile (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Lettuce And Chicory Imports

Imports into Argentina

In 2022, approx. X tons of lettuce and chicory were imported into Argentina; growing by 29% on the year before. Overall, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 457% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lettuce and chicory imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 213% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of lettuce and chicory to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at -2.1%.

In value terms, Brazil ($X) constituted the largest supplier of lettuce and chicory to Argentina.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at -10.9%.

Import Prices by Country

In 2022, the average lettuce and chicory import price amounted to $X per ton, shrinking by -9.9% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -8.9% per year.

Source: IndexBox Platform

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