Argentina: Bread And Bakery Market 2024

Bread And Bakery Market Size in Argentina

The Argentinian bread and bakery market rose slightly to $X in 2023, surging by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Bread and bakery consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Bread And Bakery Production in Argentina

In value terms, bread and bakery production rose modestly to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Bread And Bakery Exports

Exports from Argentina

In 2023, after two years of growth, there was significant decline in shipments abroad of bread and bakery, when their volume decreased by X% to X tons. Overall, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, bread and bakery exports fell to $X in 2023. In general, exports recorded a perceptible slump. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons), Paraguay (X tons) and Chile (X tons) were the main destinations of bread and bakery exports from Argentina, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Uruguay (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Uruguay ($X), Paraguay ($X) and Chile ($X) constituted the largest markets for bread and bakery exported from Argentina worldwide, with a combined X% share of total exports.

Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Argentina

In 2023, supplies from abroad of bread and bakery increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, bread and bakery imports surged to $X in 2023. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, Brazil (X tons) constituted the largest supplier of bread and bakery to Argentina, with a X% share of total imports. Moreover, bread and bakery imports from Brazil exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and the United States (X% per year).

In value terms, Brazil ($X), the United States ($X) and Paraguay ($X) were the largest bread and bakery suppliers to Argentina, together accounting for X% of total imports.

Among the main suppliers, Paraguay, with a CAGR of X.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average bread and bakery import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform