Argentina: Mate Market 2024

Mate Market Size in Argentina

In 2022, after two years of growth, there was decline in the Argentinian mate market, when its value decreased by -3.6% to $X. In general, consumption, however, continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Mate Production in Argentina

In value terms, mate production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 146% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average yield of mate in Argentina contracted to X tons per ha, approximately equating the year before. Overall, the yield, however, saw a buoyant increase. The pace of growth was the most pronounced in 2016 when the yield increased by 215%. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average mate yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of mate in Argentina fell modestly to X ha, approximately equating the previous year's figure. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by 3.3%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the mate harvested area remained at a lower figure.

Mate Exports

Exports from Argentina

Mate exports from Argentina skyrocketed to X tons in 2022, rising by 82% against the previous year's figure. In general, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.7% against 2020 indices. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, mate exports surged to $X in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for mate exports from Argentina, accounting for a 79% share of total exports. Moreover, mate exports to Syrian Arab Republic exceeded the volume sent to the second major destination, Chile (X tons), ninefold. Spain (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Syrian Arab Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-14.2% per year) and Spain (-4.0% per year).

In value terms, Syrian Arab Republic ($X) emerged as the key foreign market for mate exports from Argentina, comprising 73% of total exports. The second position in the ranking was held by Chile ($X), with a 10% share of total exports. It was followed by Spain, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Syrian Arab Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-11.8% per year) and Spain (-0.8% per year).

Export Prices by Country

The average mate export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 24%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Syrian Arab Republic ($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 the United States (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mate Imports

Imports into Argentina

In 2022, supplies from abroad of mate decreased by -25.7% to X tons, falling for the second year in a row after six years of growth. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 791% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mate imports shrank to $X in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 691%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Brazil (X tons) and Paraguay (X tons) were the main suppliers of mate imports to Argentina.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +54.1%).

In value terms, Brazil ($X) constituted the largest supplier of mate to Argentina, comprising 68% of total imports. The second position in the ranking was taken by Paraguay ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +49.1%.

Import Prices by Country

In 2022, the average mate import price amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 62%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Paraguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+10.4%).

Source: IndexBox Platform

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