Argentina: Crispbread Market 2024

Crispbread Market Size in Argentina

After four years of growth, the Argentinian crispbread market decreased by -0.5% to $X in 2021. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Crispbread consumption peaked at $X in 2020, and then reduced in the following year.

Crispbread Production in Argentina

In value terms, crispbread production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 27%. Crispbread production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports from Argentina

In 2021, crispbread exports from Argentina declined to X tons, with a decrease of -9.9% against the year before. Overall, exports faced a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by 32% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports fell to $X in 2021. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 16%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for crispbread exports from Argentina, with a 100% share of total exports. It was followed by Chile (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -16.2%.

In value terms, the United States ($X) remains the key foreign market for crispbread exports from Argentina, comprising 99% of total exports. The second position in the ranking was held by Chile ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -16.6%.

Export Prices by Country

In 2021, the average crispbread export price amounted to $X per ton, which is down by -4.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+9.4%).

Crispbread Imports

Imports into Argentina

In 2021, supplies from abroad of crispbread was finally on the rise to reach X tons after three years of decline. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 319%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, crispbread imports skyrocketed to $X in 2021. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 387%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of crispbread to Argentina, with a 70% share of total imports. Moreover, crispbread imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X kg), sevenfold. Thailand (X kg) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+21.8% per year) and Thailand (+12.1% per year).

In value terms, the United States ($X) constituted the largest supplier of crispbread to Argentina, comprising 55% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports. It was followed by Sweden, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+17.9% per year) and Sweden (+11.9% per year).

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, picking up by 9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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