Argentina: Oil Crops Market Overview 2021

Oil Crops Market Size in Argentina

The Argentinian oil crops market expanded modestly to $X in 2020, rising by X% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Oil crops consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Oil Crops Production in Argentina

In value terms, oil crops production declined to $X in 2020 estimated in export prices. In general, the total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The growth pace was the most rapid in 2010 when the production volume increased by X% against the previous year. Oil crops production peaked at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

In 2020, the average oil crops yield in Argentina amounted to X tonnes per ha, approximately mirroring 2019 figures. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when the yield increased by X% year-to-year. Over the period under review, the average oil crops yield attained the peak level in 2020 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of oil crops (primary) were harvested in Argentina; standing approx. at 2019 figures. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. As a result, the harvested area attained the peak level of X ha. from 2014 to 2020, the growth of the oil crops harvested area remained at a somewhat lower figure.

Oil Crops Exports

Exports from Argentina

After two years of growth, overseas shipments of oil crops (primary) decreased by -X% to X tonnes in 2020. In general, exports continue to indicate a pronounced slump. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, oil crops exports dropped notably to $X in 2020. Over the period under review, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

China (X tonnes) was the main destination for oil crops exports from Argentina, with a X% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Egypt (X tonnes), tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) remains the key foreign market for oil crops exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2020, the average oil crops export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Oil Crops Imports

Imports into Argentina

In 2020, approx. X tonnes of oil crops (primary) were imported into Argentina; picking up by X% compared with the previous year's figure. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, oil crops imports surged to $X in 2020. Over the period under review, total imports indicated a buoyant expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Paraguay (X tonnes) was the main oil crops supplier to Argentina, accounting for a X% share of total imports. Moreover, oil crops imports from Paraguay exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Paraguay stood at +X%.

In value terms, Paraguay ($X) constituted the largest supplier of oil crops to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Paraguay totaled +X%.

Import Prices by Country

The average oil crops import price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the import price posted a slight increase. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Paraguay ($X per tonne), while the price for Brazil totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Paraguay.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oil crops (primary) in the world?

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The country with the largest volume of oil crops consumption was China (166M tonnes), accounting for 26% of total volume. Moreover, oil crops consumption in China exceeded the figures recorded by the second-largest consumer, Argentina (61M tonnes), threefold. India (56M tonnes) ranked third in terms of total consumption with a 8.7% share.

What are the largest producers of oil crops (primary) in the world?

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The countries with the highest volumes of oil crops production in 2020 were Brazil (127M tonnes), the U.S. (109M tonnes) and Argentina (62M tonnes), together accounting for 46% of global production. China, India, Canada, Russia, Ukraine, Indonesia and the Philippines lagged somewhat behind, together comprising a further 35%.

What are the leading suppliers of oil crops (primary) to Argentina?

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In value terms, Paraguay ($1.8B) constituted the largest supplier of oil crops to Argentina, comprising 92% of total imports. The second position in the ranking was occupied by Brazil ($141M), with a 7.1% share of total imports.

What are the leading importers of oil crops (primary) from Argentina?

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In value terms, China ($1.9B) remains the key foreign market for oil crops exports from Argentina, comprising 81% of total exports. The second position in the ranking was occupied by Egypt ($194M), with a 8.4% share of total exports.

What is the average export price for oil crops (primary) in Argentina?

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In 2020, the average oil crops export price amounted to $352 per tonne, shrinking by -20.1% against the previous year.

What is the average import price for oil crops (primary) in Argentina?

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The average oil crops import price stood at $374 per tonne in 2020, picking up by 5.5% against the previous year.