Price for Food Preparations Not Elsewhere Specified or Included in Argentina - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Argentina (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Argentina (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Argentina
- Exports of Food Preparations Not Elsewhere Specified or Included in Argentina
Price for Food Preparations Not Elsewhere Specified or Included in Argentina (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $4,944 per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $5,521 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,911 per ton), while the price for Brazil ($3,005 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Argentina (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $2,377 per ton, reducing by -9.5% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of 9.7%. The export price peaked at $3,435 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($7,057 per ton), while the average price for exports to the Philippines ($654 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 Chile (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Food Preparations Not Elsewhere Specified or Included in Argentina
In 2022, purchases abroad of food preparations not elsewhere specified or included decreased by -5.7% to 32K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 34K tons, and then fell in the following year.
In value terms, imports of food preparations not elsewhere specified or included amounted to $159M in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Food Preparations Not Elsewhere Specified or Included in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 21.9 | 23.1 | 26.6 | 28.4 | 9.0% |
| United States | 16.4 | 17.6 | 16.5 | 19.5 | 5.9% |
| Netherlands | 15.6 | 14.1 | 14.6 | 15.3 | -0.6% |
| Germany | 9.0 | 10.8 | 14.9 | 15.1 | 18.8% |
| Chile | 7.5 | 7.0 | 8.3 | 11.6 | 15.6% |
| China | 3.3 | 4.0 | 13.9 | 10.6 | 47.5% |
| Italy | 2.9 | 3.6 | 4.7 | 4.7 | 17.5% |
| Mexico | 2.1 | 2.8 | 3.4 | 4.0 | 24.0% |
| Ireland | 2.8 | 2.3 | 3.3 | 3.7 | 9.7% |
| Canada | 1.5 | 1.4 | 1.8 | 3.4 | 31.4% |
| Uruguay | 0.3 | 0.7 | 1.4 | 3.1 | 117.8% |
| Malaysia | 0.4 | 0.4 | 1.2 | 2.9 | 93.5% |
| Denmark | 6.8 | 8.0 | 3.0 | 2.1 | -32.4% |
| Others | 23.6 | 26.8 | 35.6 | 34.8 | 13.8% |
| Total | 114 | 123 | 149 | 159 | 11.7% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Argentina in 2022:
- Brazil (9.5K tons)
- Germany (4.6K tons)
- Netherlands (3.3K tons)
- Chile (2.4K tons)
- China (2.2K tons)
- United States (2.0K tons)
- Ireland (1.1K tons)
- Canada (1.0K tons)
- Italy (0.8K tons)
- Mexico (0.6K tons)
- Malaysia (0.6K tons)
- Uruguay (0.5K tons)
- Denmark (0.1K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Argentina
Exports of food preparations not elsewhere specified or included from Argentina surged to 40K tons in 2022, with an increase of 36% on the previous year. The total export volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included surged to $95M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Food Preparations Not Elsewhere Specified or Included in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 10.3 | 9.2 | 12.5 | 17.9 | 20.2% |
| Brazil | 14.9 | 15.5 | 15.9 | 16.2 | 2.8% |
| Paraguay | 17.4 | 16.9 | 15.2 | 13.3 | -8.6% |
| Uruguay | 12.9 | 11.8 | 10.5 | 13.0 | 0.3% |
| Philippines | 5.0 | 5.5 | 7.4 | 8.8 | 20.7% |
| Colombia | 1.7 | 2.9 | 2.1 | 5.0 | 43.3% |
| Peru | 1.5 | 3.3 | 3.7 | 3.5 | 32.6% |
| Bolivia | 3.2 | 2.3 | 2.0 | 2.8 | -4.4% |
| Honduras | 0.8 | 0.9 | 0.8 | 1.0 | 7.7% |
| Guatemala | 0.3 | 0.6 | 0.3 | 0.8 | 38.7% |
| Egypt | 2.0 | 2.6 | 0.1 | 0.7 | -29.5% |
| Nigeria | 0.3 | 0.5 | N/A | 0.6 | 26.0% |
| South Africa | 1.9 | N/A | 0.2 | N/A | -67.6% |
| Others | 3.8 | 7.4 | 6.0 | 11.1 | 42.9% |
| Total | 76.1 | 79.6 | 76.8 | 94.6 | 7.5% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Argentina in 2022:
- Philippines (13.5K tons)
- Chile (7.1K tons)
- Uruguay (3.0K tons)
- Paraguay (3.0K tons)
- Colombia (2.4K tons)
- Brazil (2.3K tons)
- Peru (1.8K tons)
- Honduras (1.4K tons)
- Bolivia (1.1K tons)
- Egypt (0.9K tons)
- Guatemala (0.9K tons)
- Nigeria (0.7K tons)
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