Argentina: Oil Crops Market 2024

Oil Crops Market Size in Argentina

The Argentinian oil crops market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Oil Crops Production in Argentina

In value terms, oil crops production shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of oil crops (primary) in Argentina rose modestly to X tons per ha in 2022, with an increase of X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average oil crops yield remained at a 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 oil crops (primary) in Argentina was estimated at X ha, leveling off at 2021. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the oil crops harvested area remained at a lower figure.

Oil Crops Exports

Exports from Argentina

In 2022, shipments abroad of oil crops (primary) was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a mild shrinkage. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports surged to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for oil crops exports from Argentina, with a X% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Egypt (X% per year).

In value terms, China ($X) remains the key foreign market for oil crops (primary) exports from Argentina, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Egypt (X%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Crops Imports

Imports into Argentina

In 2022, oil crops imports into Argentina dropped rapidly to X tons, with a decrease of X% compared with the previous year's figure. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, oil crops imports declined rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Paraguay (X tons) constituted the largest oil crops supplier to Argentina, accounting for a X% share of total imports. Moreover, oil crops imports from Paraguay exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold. Bolivia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Paraguay stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Bolivia (X% per year).

In value terms, Paraguay ($X) constituted the largest supplier of oil crops (primary) to Argentina, comprising X% of total imports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total imports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Paraguay amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Bolivia (X% per year).

Import Prices by Country

The average oil crops import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the price for Bolivia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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