Argentina: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Argentina

The Argentinian market for salted, dried or smoked meat, and offal rose sharply to $X in 2022, picking up by 6.4% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Salted, Dried or Smoked Meat, and Offal in Argentina

In value terms, production of salted, dried or smoked meat, and offal rose remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Argentina

In 2022, overseas shipments of salted, dried or smoked meat, and offal decreased by -17.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 63% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of salted, dried or smoked meat, and offal contracted markedly to $X in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 105%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Argentina, with a 48% share of total exports. Moreover, exports of salted, dried or smoked meat, and offal to the Netherlands exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by the UK (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-32.3% per year) and the UK (-26.6% per year).

In value terms, Mexico ($X), the Netherlands ($X) and Russia ($X) appeared to be the largest markets for salted, dried or smoked meat, and offal exported from Argentina worldwide, together comprising 63% of total exports. Venezuela, Italy, the UK, Paraguay, South Africa, Germany and Switzerland lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, South Africa, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, dropping by -1.8% against the previous year. In general, the export price, however, showed a strong increase. The growth pace was the most rapid in 2020 when the average export price increased by 78%. The export price peaked at $X per ton in 2021, and then declined modestly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Argentina

In 2022, purchases abroad of salted, dried or smoked meat, and offal increased by 67% to X tons, rising for the second year in a row after three years of decline. Overall, imports saw a slight increase. The growth pace was the most rapid in 2017 with an increase of 88% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, imports of salted, dried or smoked meat, and offal soared to $X in 2022. In general, imports posted a temperate increase. The growth pace was the most rapid in 2017 when imports increased by 85%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Argentina, with a 59% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Denmark exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.7% per year) and Italy (+9.0% per year).

In value terms, Spain ($X), Denmark ($X) and Italy ($X) constituted the largest salted, dried or smoked meat, and offal suppliers to Argentina, with a combined 100% share of total imports.

Among the main suppliers, Italy, with a CAGR of +14.7%, saw the highest rates of growth with regard to 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 import price for salted, dried or smoked meat, and offal amounted to $X per ton, declining by -14% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 an increase of 48%. As a result, import price reached the peak level of $X per ton. From 2015 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 Italy ($X per ton), while the price for Denmark ($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 (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform