Argentina: Oil Crops Market Overview 2020

Oil Crops Market Size in Argentina

The revenue of the oil crops market in Argentina amounted to $X in 2018, shrinking by -X% against the previous year. Overall, oil crops consumption continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Oil crops consumption peaked at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Oil Crops Production in Argentina

In value terms, oil crops production totaled $X in 2018 estimated in export prices. Overall, oil crops production continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. Oil crops production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

In 2018, the average yield of oil crops (primary) in Argentina amounted to X tonne per ha, lowering by -X% against the previous year. In general, the oil crops yield continues to indicate a temperate curtailment. The growth pace was the most rapid in 2010 when yield increased by X% y-o-y. Oil crops yield peaked at X tonne per ha in 2015; however, from 2016 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 oil crops (primary) were harvested in Argentina; lowering by -X% against the previous year. In general, the oil crops harvested area continues to indicate an abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. In that year, the oil crops harvested area attained its peak level of X ha. From 2014 to 2018, the growth of the oil crops harvested area remained at a lower figure.

Oil Crops Exports

Exports from Argentina

Oil crops exports from Argentina stood at X tonnes in 2018, coming down by -X% against the previous year. Overall, oil crops exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. In that year, oil crops exports reached their peak of X tonnes. From 2011 to 2018, the growth of oil crops exports failed to regain its momentum.

In value terms, oil crops exports totaled $X in 2018. Overall, oil crops exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, oil crops exports reached their peak figure at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes), Brazil (X tonnes) and Mexico (X tonnes) were the main destinations of oil crops 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 Brazil, while the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), the U.S. ($X) and Mexico ($X) appeared to be the largest markets for oil crops exported from Argentina worldwide, with a combined X% share of total exports.

Brazil experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oil crops export price stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the export price indicated a remarkable increase 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. Based on 2018 figures, oil crops export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 an increase of X% year-to-year. In that year, the average export prices for oil crops (primary) reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Paraguay ($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 Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Argentina

In 2018, the amount of oil crops (primary) imported into Argentina stood at X tonnes, reducing by -X% against the previous year. In general, oil crops imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, oil crops imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, oil crops imports totaled $X in 2018. In general, oil crops imports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. In that year, oil crops imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

The U.S. (X tonnes), Australia (X tonnes) and Romania (X tonnes) were the main suppliers of oil crops imports to Argentina, together accounting for X% of total imports. These countries were followed by Bolivia, Turkey, France and Paraguay, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the largest oil crops suppliers to Argentina were Romania ($X), the U.S. ($X) and Bolivia ($X), with a combined X% share of total imports. Turkey, France, Paraguay and Australia lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average oil crops import price stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the oil crops import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. In that year, the average import prices for oil crops (primary) attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Romania ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Paraguay, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform