Sugar Market in Argentina
Market Overview
The Argentinian sugar market shrank to $
in , reducing 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, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market remained at a lower figure.
In value terms, sugar production declined modestly to $ in estimated in export price. Overall, the total production indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The pace of growth appeared the most rapid in 2011 with an increase of %. As a result, production reached the peak level of $. From 2012 to , production growth failed to regain momentum.
In, the average yield of sugar in Argentina stood at less than kg per ha, approximately reflecting the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the harvested area of sugar in Argentina was estimated at less than ha, approximately reflecting . In general, the harvested area continues to indicate a relatively flat trend pattern.
in , reducing 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, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market remained at a lower figure.In value terms, sugar production declined modestly to $
in estimated in export price. Overall, the total production indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The pace of growth appeared the most rapid in 2011 with an increase of %. As a result, production reached the peak level of $. From 2012 to , production growth failed to regain momentum.In
, the average yield of sugar in Argentina stood at less than kg per ha, approximately reflecting the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the harvested area of sugar in Argentina was estimated at less than ha, approximately reflecting . In general, the harvested area continues to indicate a relatively flat trend pattern.Consumption
In , consumption of sugar decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. Sugar consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
The value of the sugar market in Argentina contracted to $ in , waning 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, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market failed to regain momentum.
, consumption of sugar decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. Sugar consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.The value of the sugar market in Argentina contracted to $
in , waning 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, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market failed to regain momentum.Market Forecast
Depressed by shrinking demand for sugar in Argentina, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons 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 .
% for the period from to , which is projected to depress the market volume to tons 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
Over the period under review, imports of sugar in Argentina were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for sugar.
Trade Balance
Argentina remains a net exporter of sugar; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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