Chile: Wood Barrel Market 2024

Wood Barrel Market Size in Chile

In 2022, the Chilean wood barrel market increased by 9.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wood barrel consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Wood Barrel Production in Chile

In value terms, wood barrel production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion 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 -6.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wood Barrel Exports

Exports from Chile

In 2022, approx. X units of casks, barrels, vats, tubs, and coopers products of wood were exported from Chile; picking up by 22% against 2021. In general, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood barrel exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 29% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Argentina (X units) and Mexico (X units) were the main destinations of wood barrel exports from Chile, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the United States ($X) and Mexico ($X) appeared to be the largest markets for wood barrel exported from Chile worldwide, together accounting for 78% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +30.8%, 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 2022, the average wood barrel export price amounted to $X per unit, waning by -5.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 24% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Barrel Imports

Imports into Chile

In 2022, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood increased by 22% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wood barrel imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2018 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X units) constituted the largest wood barrel supplier to Chile, with a 71% share of total imports. Moreover, wood barrel imports from France exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from France stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.4% per year) and Spain (-3.4% per year).

In value terms, France ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Chile, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.1% per year) and Spain (-0.7% per year).

Import Prices by Country

In 2022, the average wood barrel import price amounted to $X per unit, waning by -3.1% against the previous year. In general, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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