Chile: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Chile

The Chilean concentrated grapefruit juice market surged to $X in 2021, jumping by 103% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a noticeable shrinkage. Concentrated grapefruit juice consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Concentrated Grapefruit Juice Exports

Exports from Chile

In 2021, shipments abroad of concentrated grapefruit juice decreased by -45.4% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 23%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, concentrated grapefruit juice exports declined notably to $X in 2021. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 5% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for concentrated grapefruit juice exports from Chile, with a 32% share of total exports. Moreover, concentrated grapefruit juice exports to Guatemala exceeded the volume sent to the second major destination, the Netherlands (X kg), fivefold. The third position in this ranking was taken by Costa Rica (X kg), with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala stood at -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-24.5% per year) and Costa Rica (+31.4% per year).

In value terms, Guatemala ($X) remains the key foreign market for concentrated grapefruit juice exports from Chile, comprising 75% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 2.2% share of total exports. It was followed by Argentina, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Guatemala stood at -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-33.7% per year) and Argentina (-91.8% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, rising by 34% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to the Netherlands ($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 Argentina (+201.1%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Grapefruit Juice Imports

Imports into Chile

For the fourth consecutive year, Chile recorded growth in purchases abroad of concentrated grapefruit juice, which increased by 57% to X tons in 2021. Over the period under review, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 107% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice imports soared to $X in 2021. Overall, imports, however, showed a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of concentrated grapefruit juice to Chile, with a 54% share of total imports. Moreover, concentrated grapefruit juice imports from Argentina exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-2.8% per year) and Brazil (+168.6% per year).

In value terms, the largest concentrated grapefruit juice suppliers to Chile were Brazil ($X), South Africa ($X) and Mexico ($X), together comprising 82% of total imports.

Mexico, with a CAGR of +176.9%, recorded the highest growth rate of 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 concentrated grapefruit juice import price stood at $X per ton in 2021, growing by 349% against the previous year. In general, the import price, however, faced a drastic downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+282.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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