Argentina: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Argentina

In 2021, the Argentinian uncooked pasta market increased by 0.5% to $X, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Uncooked Pasta Production in Argentina

In value terms, uncooked pasta production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Uncooked Pasta Exports

Exports from Argentina

In 2021, uncooked pasta exports from Argentina dropped notably to X tons, which is down by -22% against the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 674% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, uncooked pasta exports reduced notably to $X in 2021. Over the period under review, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 422%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for uncooked pasta exports from Argentina, with a 93% share of total exports. Moreover, uncooked pasta exports to Chile exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold. The third position in this ranking was held by Bolivia (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile totaled +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+22.2% per year) and Bolivia (-2.2% per year).

In value terms, Chile ($X) remains the key foreign market for uncooked pasta exports from Argentina, comprising 84% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 4.3% share of total exports. It was followed by Paraguay, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+11.9% per year) and Paraguay (-10.1% per year).

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, falling by -16.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Chile ($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 Paraguay (-2.0%), while the prices for the other major destinations experienced a decline.

Uncooked Pasta Imports

Imports into Argentina

In 2021, supplies from abroad of uncooked pasta decreased by -0.5% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, uncooked pasta imports soared to $X in 2021. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 67%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of uncooked pasta to Argentina, with a 73% share of total imports. Moreover, uncooked pasta imports from Italy exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), ninefold. The third position in this ranking was taken by Mexico (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-1.6% per year) and Mexico (+144.6% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta to Argentina, comprising 73% of total imports. The second position in the ranking was taken by Uruguay ($X), with an 8.9% share of total imports. It was followed by China, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-1.9% per year) and China (+10.2% per year).

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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