Argentina: Preserved Swine Meat Market 2024

Preserved Swine Meat Market Size in Argentina

In 2021, the Argentinian preserved swine meat market decreased by -5.5% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Preserved Swine Meat Production in Argentina

In value terms, preserved swine meat production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; 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 24% against the previous year. Preserved swine meat production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Swine Meat Exports

Exports from Argentina

In 2021, overseas shipments of prepared or preserved hams and cuts of swine meat increased by 45% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a mild decrease. The pace of growth appeared the most rapid in 2016 with an increase of 88%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved swine meat exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for preserved swine meat exports from Argentina, accounting for a 77% share of total exports. Moreover, preserved swine meat exports to Paraguay exceeded the volume sent to the second major destination, Austria (X tons), sevenfold. The third position in this ranking was taken by Uruguay (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+4.2% per year) and Uruguay (+9.1% per year).

In value terms, Paraguay ($X) remains the key foreign market for prepared or preserved hams and cuts of swine meat exports from Argentina, comprising 69% of total exports. The second position in the ranking was held by Austria ($X), with an 18% share of total exports. It was followed by Uruguay, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+3.4% per year) and Uruguay (+5.6% per year).

Export Prices by Country

In 2021, the average preserved swine meat export price amounted to $X per ton, reducing by -3% against the previous year. Over the period under review, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 18%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+1.8%), while the prices for the other major destinations experienced a decline.

Preserved Swine Meat Imports

Imports into Argentina

In 2021, purchases abroad of prepared or preserved hams and cuts of swine meat decreased by -42.9% to X tons, falling for the fourth year in a row after three years of growth. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 208%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved swine meat imports dropped rapidly to $X in 2021. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 212%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) was the main preserved swine meat supplier to Argentina, accounting for a approx. 93% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled -13.0%.

In value terms, Brazil ($X) constituted the largest supplier of prepared or preserved hams and cuts of swine meat to Argentina.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at -8.9%.

Import Prices by Country

The average preserved swine meat import price stood at $X per ton in 2021, picking up by 16% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved swine meat import price increased by +162.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +4.7% per year.

Source: IndexBox Platform

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