Chile: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Chile

The Chilean beet-pulp and bagasse market reduced modestly to $X in 2022, with a decrease of -2.3% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.6% against 2019 indices. Beet-pulp and bagasse consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Chile

In value terms, beet-pulp and bagasse production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports from Chile

In 2022, shipments abroad of beet-pulp and bagasse decreased by -17.2% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 56% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, beet-pulp and bagasse exports reached $X in 2022. In general, exports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2014 with an increase of 56%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for beet-pulp and bagasse exports from Chile, accounting for a 54% share of total exports. Moreover, beet-pulp and bagasse exports to Brazil exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was held by Argentina (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+14.2% per year) and Argentina (-5.9% per year).

In value terms, Brazil ($X) remains the key foreign market for beet-pulp and bagasse exports from Chile, comprising 52% of total exports. The second position in the ranking was held by Australia ($X), with a 16% share of total exports. It was followed by Argentina, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+24.7% per year) and Argentina (-1.3% per year).

Export Prices by Country

The average beet-pulp and bagasse export price stood at $X per ton in 2022, growing by 21% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beet-pulp and bagasse export price increased by +53.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 30%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uruguay ($X per ton) and Australia ($X per ton), while the average price for exports to Peru ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Beet-Pulp And Bagasse Imports

Imports into Chile

In 2022, overseas purchases of beet-pulp and bagasse decreased by -99.2% to X kg, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 1,222% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, beet-pulp and bagasse imports dropped significantly to $X in 2022. In general, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest supplier of beet-pulp and bagasse to Chile, accounting for a 80% share of total imports. Moreover, beet-pulp and bagasse imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Peru (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +10.3%.

In value terms, the Netherlands ($X) constituted the largest supplier of beet-pulp and bagasse to Chile, comprising 91% of total imports. The second position in the ranking was taken by Peru ($X), with an 8.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to -3.5%.

Import Prices by Country

In 2022, the average beet-pulp and bagasse import price amounted to $X per ton, picking up by 23% against the previous year. In general, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of 3,807%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+16.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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