Argentina: Wheat Market 2025

Wheat Market Size in Argentina

In 2022, the Argentinian wheat market decreased by -33% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, recorded measured growth. Wheat consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Wheat Production in Argentina

In value terms, wheat production reduced to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 61% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average wheat yield in Argentina rose modestly to X tons per ha, increasing by 3.3% against 2021. Over the period under review, the yield, however, saw a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average wheat yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of wheat in Argentina rose modestly to X ha, increasing by 2.6% against the year before. Over the period under review, the total harvested area indicated temperate growth from 2012 to 2022: its figure increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat harvested area decreased by -2.5% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 44% against the previous year. Over the period under review, the harvested area dedicated to wheat production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Wheat Exports

Exports from Argentina

In 2022, shipments abroad of wheat was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports recorded modest growth. The pace of growth was the most pronounced in 2016 when exports increased by 137% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat exports soared to $X in 2022. In general, exports showed a notable expansion. The growth pace was the most rapid in 2016 with an increase of 81%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Brazil (X tons) was the main destination for wheat exports from Argentina, with a 34% share of total exports. Moreover, wheat exports to Brazil exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. Algeria (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-1.0% per year) and Algeria (+4.7% per year).

In value terms, Brazil ($X) remains the key foreign market for wheat exports from Argentina, comprising 34% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 10% share of total exports. It was followed by Nigeria, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+8.7% per year) and Nigeria (+15.5% per year).

Export Prices by Country

In 2022, the average wheat export price amounted to $X per ton, surging by 20% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat export price increased by +55.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Chile ($X per ton), while the average price for exports to South Africa ($X per ton) and Mauritania ($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 Vietnam (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Imports

Imports into Argentina

In 2022, imports of wheat into Argentina shrank sharply to X tons, which is down by -24% on 2021 figures. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 13,147%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat imports fell modestly to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 1,526% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of wheat imports to Argentina, together accounting for 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +92.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of wheat to Argentina, comprising 62% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +72.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+59.4% per year) and Germany (+36.7% per year).

Import Prices by Country

The average wheat import price stood at $X per ton in 2022, picking up by 29% against the previous year. Overall, the import price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2017 an increase of 658%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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