Argentina: Malt Market 2024

Malt Market Size in Argentina

For the fifth consecutive year, the Argentinian malt market recorded decline in sales value, which decreased by -4.4% to $X in 2021. Overall, consumption showed a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Malt Production in Argentina

In value terms, malt production rose remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 10% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Malt Exports

Exports from Argentina

In 2021, approx. X tons of malt (not roasted) were exported from Argentina; growing by 13% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2019 when exports increased by 42%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, malt exports soared to $X in 2021. In general, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2019 with an increase of 39%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.5% per year) and Paraguay (-15.1% per year).

In value terms, Brazil ($X) remains the key foreign market for malt (not roasted) exports from Argentina, comprising 89% of total exports. The second position in the ranking was held by Chile ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.9% per year) and Paraguay (-17.3% per year).

Export Prices by Country

The average malt export price stood at $X per ton in 2021, surging by 5.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Brazil ($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 Peru (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Malt Imports

Imports into Argentina

In 2021, the amount of malt (not roasted) imported into Argentina soared to X tons, jumping by 125% against the previous year's figure. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 1,744%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, malt imports skyrocketed to $X in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 715% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Canada (X tons), Uruguay (X tons) and Chile (X tons) were the main suppliers of malt imports to Argentina, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +331.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt suppliers to Argentina were Canada ($X), Uruguay ($X) and Chile ($X), with a combined 78% share of total imports.

Canada, with a CAGR of +297.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average malt import price amounted to $X per ton, waning by -6.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 67%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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