Argentina: Cassava Market Overview 2020

Cassava Market Size in Argentina

The revenue of the cassava market in Argentina amounted to $X in 2018, going up by X% against the previous year. Over the period under review, the total market indicated a modest increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Cassava consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Cassava Production in Argentina

In value terms, cassava production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a temperate increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when production volume increased by X% against the previous year. Cassava production peaked at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

In 2018, the average yield of cassava in Argentina stood at X tonne per ha, approximately mirroring the previous year. In general, the cassava yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Cassava yield peaked at X tonne per ha in 2010; however, from 2011 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cassava were harvested in Argentina; therefore, remained relatively stable against the previous year. Over the period under review, the cassava harvested area continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2011 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cassava production attained its maximum in 2018 and is likely to see steady growth in the immediate term.

Cassava Exports

Exports from Argentina

Cassava exports from Argentina amounted to X tonnes in 2018, going up by X% against the previous year. Over the period under review, cassava exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, cassava exports stood at $X in 2018. Over the period under review, cassava exports continue to indicate extraordinary growth. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, cassava exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

Norway (X kg), Uruguay (X kg) and Switzerland (X kg) were the main destinations of cassava exports from Argentina, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Switzerland, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cassava exported from Argentina were Norway ($X), Uruguay ($X) and Switzerland ($X), together accounting for X% of total exports.

Among the main countries of destination, Switzerland recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cassava export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the export price indicated a slight expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, the country with the highest price was Norway ($X per tonne), while the average price for exports to Uruguay ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay, while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into Argentina

In 2018, the amount of cassava imported into Argentina amounted to X tonnes, going down by -X% against the previous year. Overall, cassava imports continue to indicate a deep setback. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. In that year, cassava imports reached their peak of X tonnes. From 2011 to 2018, the growth of cassava imports remained at a lower figure.

In value terms, cassava imports totaled $X in 2018. In general, cassava imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, cassava imports attained their peak of $X. From 2011 to 2018, the growth of cassava imports remained at a somewhat lower figure.

Imports by Country

In 2018, Costa Rica (X tonnes) was the main cassava supplier to Argentina, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Costa Rica totaled -X%.

In value terms, Costa Rica ($X) constituted the largest supplier of cassava to Argentina.

From 2007 to 2018, the average annual growth rate of value from Costa Rica totaled -X%.

Import Prices by Country

In 2018, the average cassava import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the cassava import price continues to indicate an abrupt descent. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

As there is only one major supplying country, the average price level is determined by prices for Costa Rica.

From 2007 to 2018, the rate of growth in terms of prices for Costa Rica amounted to -X% per year.

Source: IndexBox AI Platform