Chile: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Chile

The Chilean market for concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021, with an increase of 79% 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 showed a resilient expansion. Consumption of peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Chile

For the fourth consecutive year, Chile recorded decline in overseas shipments of concentrated lemon and other citrus fruit juice, which decreased by -35.6% to X tons in 2021. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2014 when exports increased by 77%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice declined to $X in 2021. Over the period under review, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 98% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons), the Dominican Republic (X tons) and the United States (X tons) were the main destinations of exports of concentrated lemon and other citrus fruit juice from Chile, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +41.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for concentrated lemon and other citrus fruit juice exports from Chile, comprising 63% of total exports. The second position in the ranking was held by Ecuador ($X), with a 22% share of total exports. It was followed by the Dominican Republic, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-27.8% per year) and the Dominican Republic (-38.2% per year).

Export Prices by Country

The average export price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, with an increase of 47% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 93% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 Panama (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Chile

In 2021, the amount of concentrated lemon and other citrus fruit juice imported into Chile skyrocketed to X tons, increasing by 80% on 2020. Over the period under review, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 97%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest concentrated lemon and other citrus fruit juice supplier to Chile, with a 79% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Argentina exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+35.3% per year) and Spain (-12.1% per year).

In value terms, Argentina ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Chile, comprising 82% of total imports. The second position in the ranking was held by Spain ($X), with a 7.6% share of total imports. It was followed by Turkey, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Argentina stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.6% per year) and Turkey (+21.2% per year).

Import Prices by Country

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, with a decrease of -5.5% against the previous year. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 44% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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