Argentina

WHAT'S NEXT?: Argentina domestic activity will be held back by rising inflation and the impact of numerous policy-induced economic distortions.

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• In Argentina, production growth is expected to be boosted towards the end of the outlook period when export taxes are lowered.
• Global wheat production is projected to continue to increase over the medium term because of productivity improvements, particularly in Argentina and the Black Sea region.
• Brazil's soybean oil exports increase in 2017/18 to 1.6 million tons while continued expansion of soybean production into new areas of cultivation is expected to enable the country to increase soybean oil exports to 2.5 million tons by 2026/27.
• Argentina, Brazil, and the United States are projected to account for 49, 17, and 8 percent of world soybean oil exports by 2026/27.
• Brazil's soybean exports are projected to rise 28.4 million tons (47 percent) to 89 million tons during the projection period (2017/18 to 2026/27).
• The U.S. share of global exports of soybeans and soybean products is projected to decline from 31 to 25 percent by 2026/27.
• Russia's barley exports are projected at 5.5 million tons and Ukraine's at 3.3 million tons by the end of the projection period.
• Argentina's barley exports are projected to be relatively flat at 2.2 to 2.3 million tons throughout the projection period.
• Soybean oil used to produce biodiesel (methyl esters) in the United States is projected to increase to almost 6.4 billion pounds by 2021/22 and later years.
• Soybean oil exports are projected to rise only modestly with strong competition from Argentina.
• Soybean meal exports are projected to remain flat as competition from South America, especially Argentina, limits opportunities for U.S. export growth.
• Brazil is well positioned, with 84% of the electricity output already renewable, Mexico and Argentina will undergo the biggest transformations in the next five to 10 years.
• Forecast increased exports from Argentina and Brazil (following record production in 2016-17) are expected to offset forecast lower US corn exports.
• Production in Argentina and Brazil is forecast to decline due to lower yields than the records reached in 2016-17.
• Inflation is projected to remain strong for several years in countries such as Argentina, Brazil, the Russian Federation, and South Africa.
• Net exports of soya bean oil in particular are expected to decline due to expanding Diesel mandates in Brazil and tightening soya bean supplies in Argentina.
• China is more worried about climate change (20%) and threats against the environment (43%) than all the other countries.
• A spike in US protectionism will hit the main regional economies and could help fan a resurgence in nationalist, anti-American sentiment ahead of key elections in Argentina, Brazil, and Mexico.
• Due to increasing job opportunities in Asia-Pacific countries, China and India will show a tremendous development in the global 3D Printing & Additive Manufacturing in the Aerospace & Defence market.
• Grape volumes are expected to rise in China, Europe, the U.S. and Peru and to fall in Turkey and Chile.
• In 2018, increased shipments from Australia, Brazil, China, India, and Pakistan are projected to more than offset smaller shipments from Argentina, Burma, Uruguay, and the United States.
• Rampant economic growth in emerging economies of India and China along with burgeoning growth of various end-use industries in Asia Pacific are expected to position the region as the fastest growing region in the global enzymes market over the forecast period.
• In South America, Argentina will lead demand for natural gas.

Last updated: 19 October 2017