Updated Feb 7, 2023 19:32

Market for Egg, Excluding Hen Egg in Argentina

Market Overview
In , the Argentinian egg, excluding hen egg market increased by % to $, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.


Consumption
In , consumption of eggs, excluding hen eggs increased by % to tons, rising for the second year in a row after two years of decline. In general, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak volume of tons. From 2019 to , the growth of the consumption failed to regain momentum.

The size of the egg, excluding hen egg market in Argentina soared to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
The egg, excluding hen egg market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to kg by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.


Trade Balance
Argentina remains a net importer of egg, excluding hen egg; in physical and value terms, imports consistently exceeded exports from 2012 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.