Argentina: Beef Market 2024

Beef Market Size in Argentina

The Argentinian beef market reduced to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. Beef consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Beef Production in Argentina

In value terms, beef production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Beef production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of beef (cattle meat) in Argentina fell slightly to X kg per head in 2022, stabilizing at 2021 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. The beef yield peaked at X kg per head in 2021, and then shrank in the following year.

The number of animals slaughtered for beef production in Argentina totaled X heads in 2022, picking up by X% on the previous year's figure. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by X%. The number of animals slaughtered for beef production peaked at X heads in 2020; however, from 2021 to 2022, producing animals stood at a somewhat lower figure.

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Beef Exports

Exports from Argentina

Beef exports from Argentina expanded remarkably to X tons in 2022, surging by X% on 2021 figures. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, beef exports soared to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for beef exports from Argentina, with a X% share of total exports. Moreover, beef exports to China exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Germany (X% per year).

In value terms, China ($X) remains the key foreign market for beef (cattle meat) exports from Argentina, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Israel (X% per year).

Export Prices by Country

The average beef export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to China ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into Argentina

In 2022, supplies from abroad of beef (cattle meat) decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, beef imports totaled $X in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest beef supplier to Argentina, accounting for a X% share of total imports. Moreover, beef imports from Brazil exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%.

In value terms, Brazil ($X) constituted the largest supplier of beef (cattle meat) to Argentina, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to X%.

Import Prices by Country

In 2022, the average beef import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a slight increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Paraguay amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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