Argentina: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Argentina

The Argentinian sauce and seasoning market contracted to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Argentina

In value terms, sauce and seasoning production contracted slightly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Sauce And Seasoning Exports

Exports from Argentina

In 2022, the amount of sauces and seasonings exported from Argentina soared to X tons, jumping by X% compared with the previous year's figure. In general, exports, however, showed a noticeable decline. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sauce and seasoning exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a slight slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for sauce and seasoning exports from Argentina, with a X% share of total exports. Moreover, sauce and seasoning exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Chile (X% per year).

In value terms, Paraguay ($X), Uruguay ($X) and Chile ($X) constituted the largest markets for sauce and seasoning exported from Argentina worldwide, with a combined X% share of total exports.

Paraguay, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average sauce and seasoning export price amounted to $X per ton, jumping by X% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price 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, sauce and seasoning export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Argentina

In 2022, overseas purchases of sauces and seasonings increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sauce and seasoning imports surged to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons), Chile (X tons) and China (X tons) were the main suppliers of sauce and seasoning imports to Argentina, together comprising X% of total imports. Mexico, Uruguay, the United States and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Uruguay ($X) constituted the largest sauce and seasoning suppliers to Argentina, with a combined X% share of total imports. The United States, Mexico, China and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sauce and seasoning import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Uruguay ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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