Argentina: Dairy products also had significant export jump in 2021

Published 2022년 1월 26일

Tridge summary

In 2021, Argentina's dairy exports saw a significant growth, with a 5.5% increase in volume and a 17% increase in invoicing amounting to 394,092 tons and US$ 1,335 million respectively, as per the Argentine Dairy Chain Observatory (OCLA). The exports represented 24.6% of the total milk production, with powdered milk being the largest category at 47.1% of the total shipments. Despite reaching the highest export values since 2011-2014, logistical issues prevented the industry from achieving a projected record of 3,000 million liters exported. The exports were primarily to Mexico, the United States, and the Middle East, but the industry faced challenges with export duties and lower tax refunds, resulting in a delay of at least 25% in settlements.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dairy exports grew at a good pace both in volume and invoicing in 2021, according to a report by the Argentine Dairy Chain Observatory (OCLA) based on provisional data from the National Institute of Statistics and Censuses (INDEC). Last year, 394,092 tons of dairy were shipped abroad, 5.5% more than in 2020. And thanks to an improvement in international prices, the export business amounted to US$ 1,335 million, with a year-on-year growth of 17%. Record Agribusiness exports in 2021 were the highest in history According to OCLA projections, exports took 2,841 million liters of milk, 24.6% of total Argentine production, which exceeded 11,500 million liters. Of the total shipped, 47.1% corresponded to powdered milk, 24% to cheeses in their different pastes, 19% to other products such as dulce de leche, butter, butyric oil and whey, and the remaining 9.9% to confidential products (lactose, casein, yogurts and others). The 24.6% share of exports over liters milked is somewhat lower than ...

Source: ARInfocampo