Chile: Apple Juice Market 2024

Apple Juice Market Size in Chile

After two years of growth, the Chilean apple juice market decreased by -18.8% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Apple Juice Production in Chile

In value terms, apple juice production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 74% against the previous year. Apple juice production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Apple Juice Exports

Exports from Chile

In 2021, overseas shipments of apple juice (single strength) increased by 151% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 72,791% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, apple juice exports soared to $X in 2021. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 106,786%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for apple juice exports from Chile, with a 66% share of total exports. Moreover, apple juice exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+53.8% per year) and Peru (+49.7% per year).

In value terms, South Korea ($X), the United States ($X) and Peru ($X) constituted the largest markets for apple juice exported from Chile worldwide, together accounting for 95% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +57.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average apple juice export price amounted to $X per ton, reducing by -8.9% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Apple Juice Imports

Imports into Chile

In 2021, the amount of apple juice (single strength) imported into Chile skyrocketed to X tons, jumping by 130% compared with the previous year. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 295%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, apple juice imports surged to $X in 2021. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 254%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of apple juice to Chile, with a 88% share of total imports. Moreover, apple juice imports from Mexico exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Peru (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico amounted to +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+51.4% per year) and Peru (+153.1% per year).

In value terms, Mexico ($X) constituted the largest supplier of apple juice (single strength) to Chile, comprising 82% of total imports. The second position in the ranking was taken by Brazil ($X), with a 7.3% share of total imports. It was followed by the United States, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+48.6% per year) and the United States (+3.6% per year).

Import Prices by Country

In 2021, the average apple juice import price amounted to $X per ton, dropping by -3.8% against the previous year. Over the period under review, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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