Chile: Preserved Swine Belly Market 2021

Preserved Swine Belly Market Size in Chile

For the eighth year in a row, the Chilean preserved swine belly market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption, however, recorded a deep contraction. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Preserved swine belly consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Preserved Swine Belly Production in Chile

In value terms, preserved swine belly production fell to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Preserved Swine Belly Exports

Exports from Chile

In 2020, preserved swine belly exports from Chile amounted to X kg, remaining stable against 2019. Over the period under review, exports posted a measured increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at X tons in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, preserved swine belly exports stood at $X in 2020. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2013 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for preserved swine belly exports from Chile, accounting for a approx. X% share of total exports.

From 2007 to 2014, the average annual rate of growth in terms of volume to Ecuador totaled +X%.

In value terms, Ecuador ($X) also remains the key foreign market for preserved swine belly exports from Chile.

From 2007 to 2014, the average annual growth rate of value to Ecuador stood at -X%.

Export Prices by Country

In 2014, the average preserved swine belly export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2012 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2013 to 2014, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2007 to 2014, the rate of growth in terms of prices for Ecuador amounted to -X% per year.

Preserved Swine Belly Imports

Imports into Chile

In 2020, purchases abroad of bellies and cuts of swine (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, preserved swine belly imports reduced notably to $X in 2020. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of preserved swine belly to Chile, with a X% share of total imports. Moreover, preserved swine belly imports from the U.S. exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of preserved swine belly to Chile, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

The average preserved swine belly import price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, import price indicated buoyant growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved swine belly import price increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. The import price peaked in 2020 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for the U.S. totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

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