Argentina: Durum Wheat Market 2024

Durum Wheat Market Size in Argentina

The Argentinian durum wheat market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Durum Wheat Production in Argentina

In value terms, durum wheat production expanded sharply to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Durum wheat production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of durum wheat in Argentina dropped modestly to X tons per ha in 2022, which is down by X% on the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average durum wheat yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The durum wheat harvested area in Argentina amounted to X ha in 2022, picking up by X% compared with the previous year. In general, the total harvested area indicated a moderate increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat harvested area decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The durum wheat harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports from Argentina

Durum wheat exports from Argentina fell rapidly to X tons in 2022, with a decrease of X% on the year before. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, durum wheat exports dropped rapidly to $X in 2022. Over the period under review, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Chile (X tons) was the main destination for durum wheat exports from Argentina, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Chile stood at X%.

In value terms, Chile ($X) emerged as the key foreign market for durum wheat exports from Argentina.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to X%.

Export Prices by Country

In 2022, the average durum wheat export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Durum Wheat Imports

Imports into Argentina

In 2022, supplies from abroad of durum wheat increased by X% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, durum wheat imports declined markedly to $X in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) was the main supplier of durum wheat to Argentina, accounting for a X% share of total imports. Moreover, durum wheat imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

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

In value terms, Italy ($X) constituted the largest supplier of durum wheat to Argentina, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

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

Import Prices by Country

The average durum wheat import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a pronounced slump. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy totaled $X per ton.

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

Source: IndexBox Platform

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