Chile: Biological Product Market 2024

Biological Product Market Size in Chile

The Chilean biological product market dropped dramatically to $X in 2022, declining by X% against the previous year. Overall, consumption, however, enjoyed a noticeable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted notably in the following year.

Biological Product Production in Chile

In value terms, biological product production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Biological Product Exports

Exports from Chile

In 2022, after two years of decline, there was significant growth in shipments abroad of biological products, when their volume increased by X% to X tons. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, biological product exports surged to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Argentina (X tons), Colombia (X tons) and Peru (X tons) were the main destinations of biological product exports from Chile, with a combined X% share of total exports. The United States, Ecuador, Paraguay, France and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for biological products exports from Chile, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the average biological product export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Chile

In 2022, imports of biological products into Chile dropped notably to X tons, falling by X% compared with the year before. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, biological product imports reduced remarkably to $X in 2022. Overall, imports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of biological product to Chile, accounting for a X% share of total imports. Moreover, biological product imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by Denmark (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Denmark (X% per year).

In value terms, the largest biological product suppliers to Chile were the United States ($X), Germany ($X) and Ireland ($X), together comprising X% of total imports. Switzerland, Belgium, Austria, South Korea, Denmark, Spain, the UK, Argentina, China and Brazil lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average biological product import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a perceptible downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X,549 per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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