Argentina: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Argentina

The Argentinian market for malt extract and food preparations of flour, meal, and starches shrank to $X in 2022, dropping by -7.7% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Argentina

In value terms, production of malt extract and food preparations of flour, meal, and starches dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 33%. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Argentina

In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported from Argentina skyrocketed to X tons, jumping by 29% against the year before. In general, exports, however, showed a deep contraction. Over the period under review, the exports of reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Argentina, with a 46% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Brazil exceeded the volume sent to the second major destination, Chile (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-0.2% per year) and Mexico (-7.5% per year).

In value terms, Brazil ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Argentina, comprising 57% of total exports. The second position in the ranking was held by Mexico ($X), with a 14% share of total exports. It was followed by Chile, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-6.8% per year) and Chile (-0.9% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, jumping by 18% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 84%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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 Mexico ($X per ton), while the average price for exports to Uruguay ($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 Brazil (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Argentina

For the seventh consecutive year, Argentina recorded growth in purchases abroad of malt extract and food preparations of flour, meal, and starches, which increased by 31% to X tons in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 91%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Uruguay (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Argentina, together comprising 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +332.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Argentina, comprising 47% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Uruguay totaled +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+18.5% per year) and Germany (+297.1% per year).

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, growing by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2015 an increase of 40% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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