Non-Liquid Margarine Price in Argentina - 2023
Contents:
- Non-Liquid Margarine Price in Argentina (FOB) - 2023
- Non-Liquid Margarine Price in Argentina (CIF) - 2022
- Non-Liquid Margarine Exports in Argentina
- Non-Liquid Margarine Imports in Argentina
Non-Liquid Margarine Price in Argentina (FOB) - 2023
The average non-liquid margarine export price stood at $1,838 per ton in June 2023, remaining constant against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 14% m-o-m. The export price peaked at $1,875 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Uruguay.
From June 2022 to June 2023, the rate of growth in terms of prices for Uruguay amounted to +0.4% per month.
Non-Liquid Margarine Price in Argentina (CIF) - 2022
The average non-liquid margarine import price stood at $3,869 per ton in 2022, surging by 103% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Israel.
From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to +6.6% per year.
Non-Liquid Margarine Exports in Argentina
In 2022, shipments abroad of non-liquid margarine was finally on the rise to reach 3.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a deep slump.
In value terms, non-liquid margarine exports skyrocketed to $6.4M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 3.1 | 2.8 | 1.8 | 6.4 | 27.3% |
| Paraguay | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Chile | 1.3 | 1.2 | 1.3 | N/A | 0.0% |
| Saudi Arabia | 0.3 | 0.3 | 0.2 | N/A | -18.4% |
| Brazil | 0.9 | 1.1 | 0.7 | N/A | -11.8% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 6.1 | 5.6 | 4.2 | 6.4 | 1.6% |
Top Export Markets for Non-Liquid Margarine from Argentina in 2022:
- Uruguay (3.8K tons)
Non-Liquid Margarine Imports in Argentina
In 2022, approx. 8.4 tons of non-liquid margarine were imported into Argentina; which is down by -92.6% on 2021 figures. In general, imports saw a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 92%.
In value terms, non-liquid margarine imports contracted remarkably to $32K in 2022. Over the period under review, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 139% against the previous year.
| Import of Non-Liquid Margarine in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 10.7 | 2.5 | 8.9 | 32.5 | 44.8% |
| Malaysia | 445 | 72.6 | 148 | N/A | -42.3% |
| Belgium | 21.9 | 6.8 | 45.2 | N/A | 43.7% |
| Others | 34.1 | 9.0 | 15.5 | N/A | -32.6% |
| Total | 512 | 90.9 | 218 | 32.5 | -60.1% |
Top Suppliers of Non-Liquid Margarine to Argentina in 2022:
- Israel (8.4 tons)
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