Chile: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Chile

The Chilean caviar (sturgeon) market rose modestly to $X in 2021, growing by 2.9% against the previous year. In general, consumption showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Caviar (Sturgeon) Production in Chile

In value terms, caviar (sturgeon) production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Caviar (Sturgeon) Exports

Exports from Chile

In 2021, overseas shipments of caviar (sturgeon) decreased by -18.2% to X kg, falling for the eighth year in a row after two years of growth. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2013 when exports increased by 25%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, caviar (sturgeon) exports shrank notably to $X in 2021. Over the period under review, exports saw a significant contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay (X kg), Ecuador (X kg) and Peru (X kg) were the main destinations of caviar (sturgeon) exports from Chile, with a combined 89% share of total exports. Moreover, caviar (sturgeon) exports in Paraguay exceeded the figures recorded by the second-largest exporter, Ecuador, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of -37.3%), while the other leaders experienced a decline.

In value terms, Paraguay ($X) remains the key foreign market for caviar (sturgeon) exports from Chile, comprising 43% of total exports. The second position in the ranking was held by Ecuador ($X), with a 19% share of total exports. It was followed by Peru, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay stood at -37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-46.7% per year) and Peru (-46.5% per year).

Export Prices by Country

The average caviar (sturgeon) export price stood at $X per ton in 2021, shrinking by -2.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 8.8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Paraguay ($X per ton) and Ecuador ($X per ton), while the average price for exports to Peru ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Caviar (Sturgeon) Imports

Imports into Chile

In 2021, supplies from abroad of caviar (sturgeon) increased by 2.2% to X kg, rising for the second year in a row after two years of decline. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 234% against the previous year. As a result, imports reached the peak of X kg. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, caviar (sturgeon) imports shrank notably to $X in 2021. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 363%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of caviar (sturgeon) to Chile, with a 28% share of total imports. Moreover, caviar (sturgeon) imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X kg), twofold. The third position in this ranking was held by Norway (X kg), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and Norway (0.0% per year).

In value terms, Germany ($X), Italy ($X) and Uruguay ($X) constituted the largest caviar (sturgeon) suppliers to Chile, together accounting for 53% of total imports.

Uruguay, with a CAGR of +36.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caviar (sturgeon) import price stood at $X per kg in 2021, which is down by -22.4% against the previous year. Over the period under review, the import price showed a mild decline. The growth pace was the most rapid in 2013 an increase of 119% against the previous year. As a result, import price attained the peak level of $X per kg. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Uruguay ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+22.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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