Argentina: Malt Market 2024

Malt Market Size in Argentina

The Argentinian malt market reached $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Malt consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Malt Production in Argentina

In value terms, malt production totaled $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 6% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Malt Exports

Exports from Argentina

In 2022, exports of malt from Argentina stood at X tons, stabilizing at the year before. Overall, exports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of 8.2%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, malt exports stood at $X in 2022. Over the period under review, exports, however, saw a perceptible setback. The growth pace was the most rapid in 2014 with an increase of 8.7% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for malt exports from Argentina, with a 90% share of total exports. Moreover, malt exports to Brazil exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-1.3% per year) and Bolivia (-9.3% per year).

In value terms, Brazil ($X) remains the key foreign market for malt exports from Argentina, comprising 89% of total exports. The second position in the ranking was held by Chile ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-1.0% per year) and Bolivia (-10.2% per year).

Export Prices by Country

In 2022, the average malt export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Bolivia ($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 Peru (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into Argentina

Malt imports into Argentina amounted to X tons in 2022, almost unchanged from 2021. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, malt imports stood at $X in 2022. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 10%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of malt imports to Argentina, with a combined 65% share of total imports. Uruguay, Chile, Ireland, France, Canada and Brazil lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +210.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the UK ($X) were the largest malt suppliers to Argentina, with a combined 72% share of total imports. Uruguay, Chile, Ireland, France, Canada and Brazil lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Ireland, with a CAGR of +206.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average malt import price stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 8.3% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($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 United States (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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