Barley Market Overview in Argentina
In value terms, barley production surged to $ in estimated in export prices. In general, production saw a strong expansion. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Over the period under review, production hit record highs in and is likely to see gradual growth in years to come.
The average yield of barley in Argentina was estimated at tonnes per ha in , remaining constant against the previous year. The yield figure increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of % y-o-y. Over the period under review, the average barley yield reached the peak level at tonnes per ha in 2017; however, from 2018 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of barley were harvested in Argentina; picking up by % against 2019 figures. Over the period under review, the harvested area enjoyed a strong increase. The most prominent rate of growth was recorded in 2012 when the harvested area increased by % against the previous year. As a result, the harvested area attained the peak level of ha. from 2013 to , the growth of the barley harvested area remained at a somewhat lower figure.
The value of the barley market in Argentina soared to $ in , picking up 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). In general, consumption recorded prominent growth. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Over the period under review, the market hit record highs in and is expected to retain growth in years to come.