Argentina: Wheat Gluten Market 2024

Wheat Gluten Market Size in Argentina

In 2022, the Argentinian wheat gluten market increased by 23% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, showed a moderate expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Wheat Gluten Production in Argentina

In value terms, wheat gluten production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. Wheat gluten production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Wheat Gluten Exports

Exports from Argentina

In 2022, approx. X tons of wheat gluten were exported from Argentina; increasing by 15% on 2021 figures. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 360%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, wheat gluten exports amounted to $X in 2022. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 268%. Over the period under review, the exports reached the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Chile (X tons), Brazil (X tons) and Japan (X tons) were the main destinations of wheat gluten exports from Argentina, together accounting for 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +47.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat gluten exported from Argentina were Brazil ($X), Chile ($X) and Japan ($X), together accounting for 91% of total exports.

Chile, with a CAGR of +44.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheat gluten export price stood at $X per ton in 2022, which is down by -11.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Japan ($X per ton), while the average price for exports to Chile ($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 Japan (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Gluten Imports

Imports into Argentina

In 2022, supplies from abroad of wheat gluten decreased by -44.7% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 173%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wheat gluten imports contracted sharply to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 265% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest wheat gluten supplier to Argentina, with a 58% share of total imports. Moreover, wheat gluten imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+20.5% per year) and Germany (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of wheat gluten to Argentina, comprising 60% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+26.3% per year) and Germany (-6.7% per year).

Import Prices by Country

In 2022, the average wheat gluten import price amounted to $X per ton, increasing by 44% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten import price increased by +67.6% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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