Argentina: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Argentina

For the fifth year in a row, the Argentinian pasta and couscous market recorded growth in sales value, which increased by 0.4% to $X in 2022. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +81.8% against 2012 indices. Pasta and couscous consumption peaked in 2022 and is expected to retain growth in years to come.

Pasta And Couscous Production in Argentina

In value terms, pasta and couscous production stood at $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.5% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pasta And Couscous Exports

Exports from Argentina

In 2022, overseas shipments of stuffed pasta and couscous were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when exports increased by 41%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pasta and couscous exports soared to $X in 2022. Overall, exports, however, recorded a pronounced downturn. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Paraguay (X tons) and Angola (X tons) were the main destinations of pasta and couscous exports from Argentina, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for stuffed pasta and couscous exports from Argentina, comprising 56% of total exports. The second position in the ranking was held by Paraguay ($X), with a 23% share of total exports. It was followed by Angola, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Chile stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-2.8% per year) and Angola (+28.1% per year).

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, picking up by 6.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Chile ($X per ton) and the United States ($X per ton), while the average price for exports to Paraguay ($X per ton) and Angola ($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 Angola (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Pasta And Couscous Imports

Imports into Argentina

In 2022, approx. X tons of stuffed pasta and couscous were imported into Argentina; growing by 18% on the previous year's figure. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 225%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pasta and couscous imports surged to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 227% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of pasta and couscous to Argentina, accounting for a 51% share of total imports. Moreover, pasta and couscous imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.0% per year) and Thailand (+77.7% per year).

In value terms, the United States ($X) constituted the largest supplier of stuffed pasta and couscous to Argentina, comprising 65% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by South Korea, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.8% per year) and South Korea (+11.4% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, increasing by 7.4% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous import price increased by +25.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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