Price for Protein; Concentrates and Textured Protein Substances in Argentina - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Argentina (FOB) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Argentina (CIF) - 2022
- Exports of Protein; Concentrates and Textured Protein Substances in Argentina
- Imports of Protein; Concentrates and Textured Protein Substances in Argentina
Price for Protein; Concentrates and Textured Protein Substances in Argentina (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $786 per ton, picking up by 13% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $889 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Colombia ($987 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 Colombia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Protein; Concentrates and Textured Protein Substances in Argentina (CIF) - 2022
The average import price for protein; concentrates and textured protein substanceses stood at $3,006 per ton in 2022, growing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,986 per ton), while the price for Brazil ($2,830 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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in Argentina
In 2022, shipments abroad of protein; concentrates and textured protein substanceses was finally on the rise to reach 28K tons after two years of decline. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses surged to $22M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Protein; Concentrates and Textured Protein Substances in Argentina (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 5.0 | 5.6 | 7.4 | 8.8 | 20.7% |
Chile | 2.8 | 2.8 | 2.7 | 4.4 | 16.3% |
Colombia | 1.1 | 1.0 | 1.0 | 2.2 | 26.0% |
Peru | 0.8 | 0.6 | 0.7 | 1.3 | 17.6% |
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 | 1.4 | 1.2 | 0.4 | 2.4 | 19.7% |
Total | 16.4 | 15.9 | 13.7 | 22.1 | 10.5% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Argentina in 2022:
- Philippines (13.5K tons)
- Chile (4.8K tons)
- Colombia (2.2K tons)
- Peru (1.6K tons)
- Honduras (1.4K tons)
- Egypt (0.9K tons)
- Guatemala (0.9K tons)
- Nigeria (0.7K tons)
Imports of Protein; Concentrates and Textured Protein Substances in Argentina
After three years of growth, purchases abroad of protein; concentrates and textured protein substanceses decreased by -21.6% to 3.7K tons in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 2.1% against the previous year. As a result, imports reached the peak of 4.7K tons, and then shrank dramatically in the following year.
In value terms, imports of protein; concentrates and textured protein substanceses dropped slightly to $11M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 8.8% against the previous year. As a result, imports reached the peak of $11M, and then reduced slightly in the following year.
Import of Protein; Concentrates and Textured Protein Substances in Argentina (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 4.5 | 5.2 | 6.5 | 5.8 | 8.8% |
China | 2.6 | 2.7 | 3.1 | 4.2 | 17.3% |
United States | 3.2 | 2.1 | 1.3 | 0.9 | -34.5% |
Others | 0.1 | 0.4 | 0.2 | 0.2 | 26.0% |
Total | 10.3 | 10.3 | 11.2 | 11.0 | 2.2% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Argentina in 2022:
- Brazil (2055.4 tons)
- China (1364.0 tons)
- United States (214.5 tons)
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