Earlier Report Observations
After a competitive year in 2018, Argentina's domestic market for sunflower, safflower, or cottonseed oil expanded to 866 thousand tons in 2019 as a global dip in sunflower output tightened supplies. The COVID-19 pandemic then disrupted supply chains and demand in 2020, pulling market volume down to 697 thousand tons.
A sharp rebound followed in 2021, when attractive international prices prompted farmers to plant 13.8% more sunflower area, boosting production. Simultaneously, adjustments to export duties made overseas sales less attractive, leaving more oil for domestic consumption and lifting the market to 1,155 thousand tons. The outbreak of war between Russia and Ukraine in 2022 altered trade flows, positioning Argentina as a crucial exporter; increased shipments abroad reduced home‑market availability, shrinking the volume to 704 thousand tons.
In 2023, the sector recovered from the previous year’s drought, supporting a production increase that helped raise the domestic market to 825 thousand tons. The voluntary Quality Protocol for sunflower oil, introduced in 2022, continued to help Argentine oil meet international standards.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Argentina
- 5.1.1. Annual dynamics of production in Argentina in kind, 2018-2023, K t
- 5.1.2. Annual dynamics of production in Argentina in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Argentina
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K t
- 6.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, M $ US
- 6.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K t
- 6.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, M $ US
- 6.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K t
- 7.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, M $ US
- 7.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K t
- 7.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, M $ US
- 7.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production sunflower, safflower or cottonseed oil and fractions in Argentina
In kind, 2017-2020, K t
Argentina ranked 5th globally in sunflower, safflower, or cottonseed oil and fractions production from 2017 to 2020.
Top producers of sunflower, safflower or cottonseed oil and fractions, 2017-2020
World map of production of sunflower, safflower or cottonseed oil and fractions, 2017-2020
Argentina's production of sunflower, safflower, or cottonseed oil and fractions declined after two years of growth. In 2020, output reached 1 097 K t, marking a sharp 23.6% drop from the previous year. Over the 2017–2020 period, production fell by 17.6%, averaging an annual decline of 6.2%. The peak was in 2019 at 1 435 K t, which also saw the largest increase of 7.5%.
Annual dynamics of production in Argentina in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.3% | 7.5% | (23.6%) | (6.2%) |
In value, 2017-2020, M $ US
Argentina's production value of sunflower, safflower, or cottonseed oil and fractions fell for the second year in a row. In 2020, it was valued at 885 M $ US, down 18.0% year-over-year. From 2017 to 2020, production value decreased by 16.4%, with an average annual rate of 5.8%. The highest value was recorded in 2018 at 1 088 M $ US, which also experienced the largest rise of 2.8%.
Annual dynamics of production in Argentina in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 2.8% | (0.8%) | (18.0%) | (5.8%) |
Exports sunflower, safflower or cottonseed oil and fractions from Argentina
Exports in kind, K t
Argentina's exports of sunflower, safflower, or cottonseed oil and fractions in volume terms declined for the third consecutive year. In 2020, exports totaled 399.5 K t, a 29.7% decrease from the previous year. Between 2017 and 2020, exports dropped by 48%, with a compound annual growth rate of -19.6%.
Annual dynamics of product's exports from Argentina in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (25.7%) | (0.4%) | (29.7%) | (19.6%) |
From 2017 to 2020, India, Chile, and Brazil were the top three markets, collectively accounting for 50.7% of Argentina's total exports in volume of sunflower, safflower, or cottonseed oil and fractions.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Argentina in kind, 2017-2020
Exports in value, M $ US
Argentina's exports of sunflower, safflower, or cottonseed oil and fractions in value terms fell for the third year in a row. In 2020, exports amounted to 322.5 M $ US, down 24.6% compared to the previous year. Over the 2017–2020 period, exports decreased by 47.3%, with an average annual decline of 19.2%.
Annual dynamics of product's exports from Argentina in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (23.9%) | (8.1%) | (24.6%) | (19.2%) |
From 2017 to 2020, Chile, India, and Brazil remained the primary buyers of sunflower, safflower, or cottonseed oil and fractions from Argentina in value terms, with shares of 22.7%, 21.3%, and 7.3%, respectively. Together, they made up 51.3% of total export value.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Argentina in value, 2017-2020
Imports sunflower, safflower or cottonseed oil and fractions to Argentina
Imports in kind, K t
The market displayed volatility during the observed period. Imports hit their lowest point in 2019 and peaked in 2018, with a 40-fold difference between these years. In 2020, Argentina imported 0.1 K t of sunflower, safflower, or cottonseed oil and fractions, a dramatic increase of 2 858.9% from the previous year. The minimum was 0.0 K t in 2019, while the maximum was 0.2 K t in 2018, with the largest decline of 97.5% occurring in 2019.
Annual dynamics of product's imports to Argentina in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1 821.4% | (97.5%) | 2 858.9% | 141.8% |
From 2017 to 2020, imports in volume terms were widely distributed among countries. Colombia, Chile, and the United States were the top sources, but together they represented only 19.6% of total imports, with no single partner dominating the market.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Argentina in kind, 2017-2020
Imports in value, M $ US
The data shows irregular fluctuations, pointing to a volatile market. Imports in value terms reached their minimum in 2019 and their maximum in 2018, with a 19-fold swing. In 2020, Argentina imported 0.1 M $ US of sunflower, safflower, or cottonseed oil and fractions, a surge of 1 672.1% year-over-year. The lowest value was 0.0 M $ US in 2019, and the highest was 0.2 M $ US in 2018, with the steepest drop of 94.8% in 2019.
Annual dynamics of product's imports to Argentina in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1 052.8% | (94.8%) | 1 672.1% | 120.1% |
Between 2017 and 2020, Argentina's imports of sunflower, safflower, or cottonseed oil and fractions in value terms came from numerous countries. Even the largest suppliers—Chile, the United States, and Colombia—collectively accounted for just 19.6% of total import value.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Argentina in value, 2017-2020
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