Chile: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Chile

In 2021, the Chilean market for caviar (salmon) and caviar substitutes increased by 9.1% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in Chile

In value terms, caviar (salmon) and caviar substitutes production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. Caviar (salmon) and caviar substitutes production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Chile

After three years of decline, overseas shipments of caviar (salmon) and caviar substitutes increased by 784% to X tons in 2021. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes exports skyrocketed to $X in 2021. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Chile, with a 71% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was taken by Argentina (X kg), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+16.4% per year) and Argentina (-10.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for caviar (salmon) and caviar substitutes exports from Chile, comprising 47% of total exports. The second position in the ranking was taken by Italy ($X), with a 22% share of total exports. It was followed by Argentina, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.2% per year) and Argentina (-10.3% per year).

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, declining by -29.7% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 Italy (+2.4%).

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Chile

In 2021, caviar (salmon) and caviar substitutes imports into Chile surged to X tons, increasing by 46% compared with the previous year. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,524%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,621% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of caviar (salmon) and caviar substitutes to Chile, with a 76% share of total imports. Moreover, caviar (salmon) and caviar substitutes imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-1.4% per year) and the United States (+17.5% per year).

In value terms, China ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to Chile, comprising 67% of total imports. The second position in the ranking was taken by Denmark ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +42.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+18.4% per year) and the United States (+27.1% per year).

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, waning by -10.1% against the previous year. Overall, the import price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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