Chile: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Chile

The Chilean flaked or rolled cereal market totaled $X in 2022, rising by 7.4% against the previous year. Overall, consumption, however, enjoyed mild growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Production of Flaked or Rolled Cereals in Chile

In value terms, flaked or rolled cereal production totaled $X in 2022 estimated in export price. In general, production saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 174% against the previous year. Flaked or rolled cereal production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports from Chile

In 2022, approx. X tons of flaked or rolled cereals were exported from Chile; jumping by 20% compared with the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 2,186% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, flaked or rolled cereal exports amounted to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 2,777% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Colombia (X tons), Peru (X tons) and Guatemala (X tons) were the main destinations of flaked or rolled cereal exports from Chile, with a combined 46% share of total exports. Ecuador, Venezuela, Mexico, the Dominican Republic, India, the United States, Costa Rica, Argentina and Nicaragua lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +268.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flaked or rolled cereal exported from Chile were Colombia ($X), Peru ($X) and Guatemala ($X), with a combined 45% share of total exports. Ecuador, Venezuela, the Dominican Republic, Mexico, the United States, India, Nicaragua, Costa Rica and Argentina lagged somewhat behind, together accounting for a further 48%.

In terms of the main countries of destination, the United States, with a CAGR of +195.6%, saw the highest rates of growth with regard to 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

The average flaked or rolled cereal export price stood at $X per ton in 2022, dropping by -5.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 56% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports into Chile

In 2022, supplies from abroad of flaked or rolled cereals increased by 16% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 312% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, flaked or rolled cereal imports skyrocketed to $X in 2022. In general, imports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 294% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main supplier of flaked or rolled cereal to Chile, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at -3.4%.

In value terms, Argentina ($X) constituted the largest supplier of flaked or rolled cereals to Chile.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at -1.8%.

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, jumping by 15% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flaked or rolled cereal import price increased by +16.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +1.6% per year.

Source: IndexBox Platform

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