Chile: Chick Peas Market 2024

Chick Peas Market Size in Chile

The Chilean chick peas market surged to $X in 2022, increasing by 18% against the previous year. Overall, consumption, however, recorded a deep setback. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Chick Peas Production in Chile

In value terms, chick peas production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 306% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of chick peas in Chile skyrocketed to X kg per ha in 2022, with an increase of 59% compared with the previous year's figure. In general, the yield, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the yield increased by 114%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average chick peas yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of chick peas in Chile was estimated at X ha, picking up by 13% against the year before. Overall, the harvested area, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 71% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the chick peas harvested area remained at a somewhat lower figure.

Chick Peas Exports

Exports from Chile

In 2022, overseas shipments of chick peas decreased by -87.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 45,162%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, chick peas exports declined dramatically to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 69,202% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Venezuela (X tons) and Cuba (X tons) were the main destinations of chick peas exports from Chile.

From 2014 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +669.2%).

In value terms, Venezuela ($X) remains the key foreign market for chick peas exports from Chile, comprising 67% of total exports. The second position in the ranking was held by Cuba ($X), with a 33% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Venezuela stood at +891.7%.

Export Prices by Country

In 2022, the average chick peas export price amounted to $X per ton, increasing by 104% against the previous year. Overall, the export price, however, showed a pronounced descent. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Cuba stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+28.9%), while the prices for the other major destinations experienced a decline.

Chick Peas Imports

Imports into Chile

In 2022, purchases abroad of chick peas decreased by -16.4% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 466%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, chick peas imports rose modestly to $X in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 396% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) was the main supplier of chick peas to Chile, with a 99% share of total imports. It was followed by Canada (X tons), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at -5.0%.

In value terms, Argentina ($X) constituted the largest supplier of chick peas to Chile, comprising 98% of total imports. The second position in the ranking was taken by Canada ($X), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at -5.5%.

Import Prices by Country

The average chick peas import price stood at $X per ton in 2022, jumping by 24% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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