Treenuts market in Argentina

Earlier Report Observations

The Argentine tree nuts market showed considerable variation from 2018 to 2023, beginning with the inauguration of the country's first large-scale processing plant in Buenos Aires that year, which enhanced domestic processing capabilities. Market volume surged to over 23,800 tons in 2020, driven by increased technification of walnut plantations in Catamarca and national dietary guidelines that encouraged higher domestic nut consumption.

From 2022, the sector contended with a global oversupply from major producers like the U.S. and China, which depressed international prices and export profitability. Concurrently, leading local producer Nueces de Catamarca achieved a 50% production increase and secured GlobalG.A.P. certification, expanding its access to international supermarket chains and markets in Europe and the Middle East.

Severe weather conditions in 2023 caused an estimated 25% average production loss in key growing provinces, reducing supply and contributing to a decrease in overall market volume that year. The industry responded by forming strategic alliances to strengthen processing, packaging, and logistics for maintaining a presence in export markets despite the challenges.

Production treenuts in Argentina

In kind, 2017-2020, t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

Argentina produced 19,162 tons of treenuts in 2020, marking a slight year-over-year decline of 0.7%. Production reached its lowest point in 2018 at 19,096 tons, while the peak occurred in 2019 with 19,306 tons. The most significant increase was recorded in 2019, when output grew by 1.1%.

Annual dynamics of production in Argentina in kind, 2017-2020, t

In value, 2017-2020, K $ US

Following a two-year decline, treenuts production in Argentina rebounded in value terms. In 2020, the output was valued at $61,254,000, representing a 4.6% increase from the previous year. Over the 2017-2020 period, however, production value decreased by 29.8%, with a compound annual growth rate (CAGR) of -11.1%. The lowest value was recorded in 2019 at $58,543,000, while the sharpest decline occurred in 2018, when production value fell by 20.9%.

Annual dynamics of production in Argentina in value, 2017-2020, K $ US

Exports treenuts from Argentina

Exports in kind, t

After two consecutive years of growth, Argentina's treenuts export volumes declined in 2020. Exports totaled 6,121 tons that year, down 21.7% from 2019. Over the 2017-2020 period, exports increased by 46.1%, with a CAGR of 13.5%. The highest export volume was recorded in 2019 at 7,813 tons, which also saw the largest annual increase of 65.2%.

Annual dynamics of product's exports from Argentina in kind, 2017-2020, t

From 2017 to 2020, Italy, Turkey, and the United Arab Emirates consistently served as Argentina's primary markets for treenuts exports in volume terms. Italy accounted for 42.8% of exports, Turkey for 15.8%, and the UAE for 13.2%. Together, these three markets represented 71.8% of Argentina's total treenuts export flows during this period.

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, K $ US

In 2020, the value of treenuts exports from Argentina stood at $19,567,000, reflecting a 17.4% decrease from the previous year. Over the 2017-2020 period, export value increased by 2.2%, with a CAGR of 0.7%. The lowest value was recorded in 2018 at $17,089,000, while the peak occurred in 2019 at $23,693,000. The most significant annual increase was in 2019, when export value rose by 38.6%.

Annual dynamics of product's exports from Argentina in value, 2017-2020, K $ US

From 2017 to 2020, Italy, Brazil, and Turkey formed the core group of markets for Argentina's treenuts exports in value terms. Italy accounted for 41.4% of export value, Brazil for 17.9%, and Turkey for 10.7%. Collectively, these three countries represented 70.0% of Argentina's total treenuts export value during this timeframe.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Argentina in value, 2017-2020

Imports treenuts to Argentina

Imports in kind, t

Argentina's treenuts import volumes increased for the second consecutive year in 2020. Imports reached 10,773 tons, up 68.2% from 2019. Over the 2017-2020 period, imports grew by 39.6%, equating to an annualized rate of 11.8%. The lowest import volume was recorded in 2018 at 6,013 tons, which also saw the sharpest decline of 22.1%.

Annual dynamics of product's imports to Argentina in kind, 2017-2020, t

From 2017 to 2020, Indonesia, Chile, and the Philippines were the main sources of Argentina's treenuts imports in volume terms. Indonesia accounted for 23.5% of imports, Chile for 21.9%, and the Philippines for 17.2%. Together, these three countries supplied 62.6% of Argentina's total treenuts import volume during this period.

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, K $ US

Argentina's treenuts import market showed notable fluctuations between 2017 and 2020. Import value dropped to its lowest point in 2019 at $23,814,000 before climbing to a peak of $40,935,000 in 2020, representing a 1.7-fold increase. The 2020 value marked a 71.9% rise from 2019. The most significant decline occurred in 2018, when import value fell by 27.1%.

Annual dynamics of product's imports to Argentina in value, 2017-2020, K $ US

Over the 2017-2020 period, Chile, Brazil, and the United States remained the leading sources of Argentina's treenuts imports in value terms. Chile accounted for 36.6% of import value, Brazil for 21.9%, and the United States for 13.6%. Collectively, these three countries represented 72.2% of Argentina's total treenuts import value during this timeframe.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Argentina in value, 2017-2020