Argentina: Yerba mate exports grow almost 10% in the first half and reach a new record

The National Yerba Mate Institute (INYM) reports a 9.6% increase in yerba mate exports in the first half of 2024 compared to the same period in 2023, totaling 20,751,278 kilos. Argentine imports from Brazil and Paraguay have decreased, while domestic production reached 563,595,677 kilos of green leaf processed from January to June 2024. The global popularity of yerba mate is rising, driven by its health benefits and promotion by South American soccer players, especially during the Copa América 2024. Yerba mate is also being adapted to various consumption patterns, including carbonated and flavored versions.

This is reflected in the latest report prepared by the National Yerba Mate Institute (INYM), which details that foreign sales of yerba mate during the first half of 2024 totaled 20,751,278 kilos; That is, 9.6% more than shipments in the same period of 2023. Regarding imports, the survey specifies that Argentine purchases from neighboring countries, Brazil and Paraguay, began to decrease significantly in recent months. While during the month of April 1,869,198 kilos entered the country, in May the figure dropped to 1,026,218 kilos and in June to 433,750 kilos, showing a clear downward trend. With respect to the volumes managed by the production processes of the Argentine yerba sector, the record of the entry of raw material to the dryers revealed by the report indicates that during the month of June, 137,571,322 kilos of green leaf were processed, giving a cumulative 563,595,677 kilos for the period January – June of the current year. It should be remembered that the harvest ...