Argentina: Processed Meat Market 2024

Processed Meat Market Size in Argentina

The Argentinian processed meat market reduced modestly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X%. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Processed Meat Production in Argentina

In value terms, processed meat production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Processed meat production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Processed Meat Exports

Exports from Argentina

In 2022, shipments abroad of processed meat decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed meat exports shrank sharply to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for processed meat exports from Argentina, with a X% share of total exports. Moreover, processed meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Peru (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Thailand (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for processed meat exports from Argentina, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Peru (X% per year).

Export Prices by Country

The average processed meat export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Peru ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Argentina

For the third consecutive year, Argentina recorded growth in supplies from abroad of processed meat, which increased by X% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, processed meat imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of processed meat to Argentina, accounting for a X% share of total imports. Moreover, processed meat imports from Brazil exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sixfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Spain (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of processed meat to Argentina, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Denmark (X% per year).

Import Prices by Country

The average processed meat import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated mild growth 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, processed meat import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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