Argentina: Market for Sunflower-Seed And Safflower Oil 2022

Market Size for Sunflower-Seed And Safflower Oil in Argentina

In 2021, the Argentinian sunflower-seed and safflower oil market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Sunflower-seed and safflower oil consumption peaked at $X in 2012; afterwards, it flattened through to 2021.

Production of Sunflower-Seed And Safflower Oil in Argentina

In value terms, sunflower-seed and safflower oil production shrank to $X in 2021 estimated in export price. In general, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Sunflower-seed and safflower oil production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Sunflower-Seed And Safflower Oil

Exports from Argentina

In 2021, shipments abroad of sunflower-seed and safflower oil decreased by -X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports dropped significantly to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), India (X tons) and Australia (X tons) were the main destinations of sunflower-seed and safflower oil exports from Argentina, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower-seed and safflower oil exported from Argentina were Chile ($X), India ($X) and Paraguay ($X), with a combined X% share of total exports.

Chile, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sunflower-seed and safflower oil export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($X per ton), while the average price for exports to Australia ($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 (+X%), while the prices for the other major destinations experienced a decline.

Imports of Sunflower-Seed And Safflower Oil

Imports into Argentina

In 2021, the amount of sunflower-seed and safflower oil imported into Argentina plummeted to X tons, which is down by -X% against the previous year. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, sunflower-seed and safflower oil imports fell rapidly to $X in 2021. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Paraguay (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of sunflower-seed and safflower oil imports to Argentina, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X) constituted the largest supplier of sunflower-seed and safflower oil to Argentina, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Paraguay stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

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