Argentina: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Argentina

The Argentinian market for uncooked pasta (not containing eggs) rose significantly to $X in 2021, picking up by 6.6% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Uncooked Pasta (Not Containing Eggs) in Argentina

In value terms, uncooked pasta (not containing eggs) production stood at $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Argentina

In 2021, the amount of uncooked pasta (not containing eggs) exported from Argentina reduced dramatically to X tons, dropping by -23.1% against the year before. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 803% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, uncooked pasta (not containing eggs) exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 632% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for uncooked pasta (not containing eggs) exports from Argentina, accounting for a 93% share of total exports. Moreover, uncooked pasta (not containing eggs) exports to Chile exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold. The third position in this ranking was taken by Bolivia (X tons), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+27.8% per year) and Bolivia (-2.2% per year).

In value terms, Chile ($X) remains the key foreign market for uncooked pasta (not containing eggs) exports from Argentina, comprising 82% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 4.9% share of total exports. It was followed by Bolivia, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+18.7% per year) and Bolivia (-5.6% per year).

Export Prices by Country

In 2021, the average export price for uncooked pasta (not containing eggs) amounted to $X per ton, falling by -22.2% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Argentina

In 2021, overseas purchases of uncooked pasta (not containing eggs) decreased by -3.5% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 76%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, uncooked pasta (not containing eggs) imports expanded remarkably to $X in 2021. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 78% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest uncooked pasta (not containing eggs) supplier to Argentina, accounting for a 78% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Italy exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold. The third position in this ranking was taken by China (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+144.6% per year) and China (-3.1% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to Argentina, comprising 79% of total imports. The second position in the ranking was taken by Mexico ($X), with a 6% share of total imports. It was followed by China, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+152.6% per year) and China (+9.0% per year).

Import Prices by Country

In 2021, the average import price for uncooked pasta (not containing eggs) amounted to $X per ton, increasing by 17% 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 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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