Argentina: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Argentina

In 2022, the Argentinian mixes and doughs market decreased by -7.7% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Mixes And Doughs Production in Argentina

In value terms, mixes and doughs production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 63% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Mixes And Doughs Exports

Exports from Argentina

In 2022, approx. X tons of mixes and doughs were exported from Argentina; increasing by 131% against the previous year's figure. Over the period under review, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 202%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, mixes and doughs exports skyrocketed to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 226% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for mixes and doughs exports from Argentina, accounting for a 65% share of total exports. Moreover, mixes and doughs exports to Bolivia exceeded the volume sent to the second major destination, Brazil (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-16.4% per year) and the United States (+11.1% per year).

In value terms, Bolivia ($X), the United States ($X) and Saudi Arabia ($X) constituted the largest markets for mixes and doughs exported from Argentina worldwide, with a combined 71% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +39.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mixes and doughs export price amounted to $X per ton, which is down by -2.9% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixes and doughs export price increased by +84.2% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Bolivia ($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 Uruguay (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Argentina

In 2022, the amount of mixes and doughs imported into Argentina skyrocketed to X tons, rising by 51% against 2021. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 258%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, mixes and doughs imports surged to $X in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 252%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest mixes and doughs supplier to Argentina, accounting for a 55% share of total imports. Moreover, mixes and doughs imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +254.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+75.4% per year) and Brazil (+24.2% per year).

In value terms, Germany ($X) constituted the largest supplier of mixes and doughs to Argentina, comprising 53% of total imports. The second position in the ranking was taken by the UK ($X), with a 24% share of total imports. It was followed by Brazil, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +194.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+59.0% per year) and Brazil (+15.5% per year).

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, which is down by -10.3% against the previous year. Over the period under review, the import price recorded a pronounced setback. The growth pace was the most rapid in 2015 an increase of 18%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+29.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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