Argentina: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Argentina

In 2021, the Argentinian sweet biscuit market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Sweet Biscuit Production in Argentina

In value terms, sweet biscuit production expanded markedly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Sweet Biscuit Exports

Exports from Argentina

In 2021, the amount of sweet biscuits exported from Argentina reached X tons, growing by 11% compared with 2020. Overall, exports, however, recorded a pronounced curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports amounted to $X in 2021. In general, exports, however, showed a perceptible reduction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons), Uruguay (X tons) and Paraguay (X tons) were the main destinations of sweet biscuit exports from Argentina, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of +2.5%), while the other leaders experienced mixed trend patterns.

In value terms, Chile ($X), Uruguay ($X) and Paraguay ($X) appeared to be the largest markets for sweet biscuit exported from Argentina worldwide, together comprising 91% of total exports.

Among the main countries of destination, Uruguay, with a CAGR of +0.4%, 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 a decline.

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 10% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and Paraguay ($X per ton), while the average price for exports to Chile ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%), while the prices for the other major destinations experienced a decline.

Sweet Biscuit Imports

Imports into Argentina

In 2021, supplies from abroad of sweet biscuits increased by 128% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 142%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 211%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of sweet biscuit to Argentina, accounting for a 61% share of total imports. Moreover, sweet biscuit imports from Brazil exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-23.7% per year) and Spain (+85.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of sweet biscuits to Argentina, comprising 37% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+138.9% per year) and Mexico (-24.8% per year).

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, which is down by -24.9% against the previous year. Overall, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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