Argentina: Virgin Olive Oil Market 2025

Virgin Olive Oil Market Size in Argentina

The Argentinian virgin olive oil market surged to $X in 2022, rising by 19% against the previous year. Overall, consumption, however, continues to indicate a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Virgin Olive Oil Production in Argentina

In value terms, virgin olive oil production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35% against the previous year. Virgin olive oil production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Virgin Olive Oil Exports

Exports from Argentina

In 2022, the amount of virgin olive oil exported from Argentina expanded modestly to X tons, growing by 2% compared with the year before. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 173%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, virgin olive oil exports stood at $X in 2022. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 176% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), the United States (X tons) and Spain (X tons) were the main destinations of virgin olive oil exports from Argentina, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +10.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Spain ($X) were the largest markets for virgin olive oil exported from Argentina worldwide, with a combined 94% share of total exports.

Spain, with a CAGR of +13.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average virgin olive oil export price stood at $X per ton in 2022, surging by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2021 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and the United States ($X per ton), while the average price for exports to Spain ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into Argentina

For the third consecutive year, Argentina recorded growth in purchases abroad of virgin olive oil, which increased by 136% to X tons in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2018 with an increase of 1,059% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, virgin olive oil imports soared to $X in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 588% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Chile (X tons), Spain (X tons) and Tunisia (X tons) were the main suppliers of virgin olive oil imports to Argentina, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +422.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest virgin olive oil suppliers to Argentina were Chile ($X), Spain ($X) and Tunisia ($X), with a combined 96% share of total imports.

Among the main suppliers, Chile, with a CAGR of +434.2%, recorded the highest growth rate of 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

In 2022, the average virgin olive oil import price amounted to $X per ton, picking up by 16% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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