Wheat and meslin flour and cereals market in Argentina

Earlier Report Observations

The market for wheat and meslin flour and cereals in Argentina showed an overall expansion from 2018 to 2023, with volume rising from 4.2 million tons to 4.5 million tons, a growth of approximately 7%. This increase occurred despite periodic fluctuations, reflecting sustained domestic demand for these staple products.

After a dip to 4.0 million tons in 2019, the market recovered in 2020 and stabilized near that level in 2021. A consistent upward trajectory began in 2022, with volume reaching 4.5 million tons by 2023. This growth phase was supported by a peak in domestic production, which hit 4.8 million tons in 2023, and a simultaneous decline in export shipments.

The reduction in exports, which fell from 600 000 tons in 2018 to 366 000 tons in 2023, meant a larger share of production remained available for the local market. This shift contributed directly to the observed increase in domestic market volume over the latter part of the period.

Production wheat and meslin flour and cereals in Argentina

In kind, 2017-2020, K t

Argentina ranked 19th globally in wheat and meslin flour and cereals production from 2017 to 2020.

Top producers of wheat and meslin flour and cereals, 2017-2020

World map of production of wheat and meslin flour and cereals, 2017-2020

In 2020, Argentina produced 4,759 K t of wheat and meslin flour and cereals, marking a slight increase of 1.6% compared to the previous year. Over the 2017-2020 period, production grew by 13.5%, with a compound annual growth rate of 4.3%. The highest production level was recorded in 2018 at 4,791 K t. The largest decline occurred in 2019, with a drop of 2.2%, while the largest increase was in 2018, at 14.3%.

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

In value, 2017-2020, M $ US

After two years of growth, Argentina's wheat and meslin flour and cereals production volume declined. In 2020, the output was valued at 1,564 M $ US, remaining broadly stable compared to 2019. From 2017 to 2020, production increased by 30.4%, equating to an annualized rate of 9.2%. The peak value was recorded in 2019 at 1,571 M $ US. The largest increase occurred in 2018, at 28.5%.

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

Exports wheat and meslin flour and cereals from Argentina

Exports in kind, K t

In 2020, Argentina exported 615.4 K t of wheat and meslin flour and cereals, representing a moderate year-on-year decline of 6.8%. Between 2017 and 2020, exports decreased by 14.8%, with an annualized rate of 5.2%. The lowest export volume was recorded in 2018 at 599.6 K t. The largest decline occurred in 2018, at 17.0%, while the largest increase was in 2019, at 10.1%.

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

From 2017 to 2020, Brazil and Bolivia were the leading markets for Argentina's exports in kind, together accounting for 96.0% of total flows, with the remainder distributed among other destinations.

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

In 2020, Argentina's exported wheat and meslin flour and cereals volumes totaled 202.3 M $ US, reflecting an 8.6% decrease from 2019. Over the 2017-2020 period, exports fell by 2.1%, with a compound annual growth rate of 0.7%. The lowest value was recorded in 2018 at 193.0 M $ US, while the peak was in 2019 at 221.3 M $ US. The largest increase occurred in 2019, at 14.7%.

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

Throughout 2017-2020, Bolivia and Brazil were the core markets for Argentina's exports in value terms, jointly representing 95.7% of total flows, with other destinations holding comparatively modest shares.

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

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

Imports wheat and meslin flour and cereals to Argentina

Imports in kind, K t

Market performance showed noticeable fluctuations during the period. Imports varied significantly, with a low in 2017 and a high in 2020, resulting in a 127-fold difference. In 2020, Argentina imported 0.6 K t of wheat and meslin flour and cereals, a sharp increase of 353.6% year-on-year. The largest decline was recorded in 2019, at 69.3%, while the largest increase occurred in 2018, at 9,048.4%.

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

From 2017 to 2020, Italy and France were the two main sources for Argentina's imports in kind, together accounting for 9.1% of total wheat and meslin flour and cereals imports.

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

Market performance exhibited noticeable fluctuations during the period. Imports varied by a factor of 37, with the minimum in 2017 and the maximum in 2020. In 2020, Argentina's imports of wheat and meslin flour and cereals amounted to 0.3 M $ US, up by 243.7% compared to the previous year. The largest decline was recorded in 2019, at 58.6%, while the largest increase occurred in 2018, at 2,527.1%.

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

Over 2017-2020, Italy and France together accounted for the main share of Argentina's imports in value terms, representing 15.7% of total flows.

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

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