Argentina: Potato Chips Market 2024

Potato Chips Market Size in Argentina

The Argentinian potato chips market shrank slightly to $X in 2022, dropping by -4.2% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Potato chips consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Potato Chips Production in Argentina

In value terms, potato chips production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 26%. Potato chips production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Potato Chips Exports

Exports from Argentina

Potato chips exports from Argentina skyrocketed to X tons in 2022, growing by 29% against 2021. In general, exports, however, recorded a perceptible contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, potato chips exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for potato chips exports from Argentina, accounting for a 71% share of total exports. Moreover, potato chips exports to Uruguay exceeded the volume sent to the second major destination, Brazil (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-2.7% per year) and Paraguay (-1.9% per year).

In value terms, Uruguay ($X) remains the key foreign market for potato chips exports from Argentina, comprising 73% of total exports. The second position in the ranking was held by Paraguay ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-1.7% per year) and Brazil (-3.1% per year).

Export Prices by Country

In 2022, the average potato chips export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Brazil ($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 Paraguay (+0.2%), while the prices for the other major destinations experienced a decline.

Potato Chips Imports

Imports into Argentina

In 2022, supplies from abroad of potato chips decreased by -58.6% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by 70%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, potato chips imports reduced rapidly to $X in 2022. In general, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 55% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest potato chips supplier to Argentina, accounting for a 77% share of total imports. Moreover, potato chips imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-47.2% per year) and Malaysia (-0.3% per year).

In value terms, Germany ($X) constituted the largest supplier of potato chips to Argentina, comprising 68% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-46.1% per year) and Malaysia (+9.3% per year).

Import Prices by Country

The average potato chips import price stood at $X per ton in 2022, waning by -35.4% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2020 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a 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 Chile ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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