Argentina: Couscous Market 2023

Couscous Market Size in Argentina

The Argentinian couscous market expanded slightly to $X in 2021, rising by 2.1% against the previous year. Over the period under review, consumption continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2020 when the market value increased by 9.7% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Couscous Production in Argentina

In value terms, couscous production totaled $X in 2021 estimated in export price. In general, production recorded a slight shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 12%. Couscous production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Couscous Exports

Exports from Argentina

In 2017, the amount of couscous exported from Argentina surged to X tons, growing by 100% on 2016 figures. Overall, exports enjoyed resilient growth. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2017, the exports failed to regain momentum.

In value terms, couscous exports surged to $X in 2017. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X tons) and the United States (X kg) were the main destinations of couscous exports from Argentina.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of -10.1%).

In value terms, the United States ($X) and Uruguay ($X) constituted the largest markets for couscous exported from Argentina worldwide. Moreover, couscous exports in the United States exceeded the figures recorded by the second-largest exporter, Uruguay, threefold.

Among the main countries of destination, the United States, with a CAGR of -19.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average couscous export price amounted to less than $X per ton, approximately mirroring the previous year. Overall, the export price recorded pronounced growth. The pace of growth was the most pronounced in 2016 an increase of 68% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uruguay amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.1%).

Couscous Imports

Imports into Argentina

In 2021, the amount of couscous imported into Argentina soared to X tons, increasing by 18% compared with 2020 figures. In general, imports showed pronounced growth. The pace of growth was the most pronounced in 2016 when imports increased by 252%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, couscous imports soared to $X in 2021. Overall, imports enjoyed a notable expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 243% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Tunisia (X tons), France (X tons) and Morocco (X tons) were the main suppliers of couscous imports to Argentina, together comprising 96% of total imports. These countries were followed by Italy, which accounted for a further 3.7%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of couscous to Argentina, comprising 63% of total imports. The second position in the ranking was held by Morocco ($X), with an 18% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+16.5% per year) and Italy (+44.7% per year).

Import Prices by Country

The average couscous import price stood at $X per ton in 2021, surging by 5.3% against the previous year. Over the period under review, the import price, however, showed a slight descent. The growth pace was the most rapid in 2013 when the average import price increased by 9.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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