Chile: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Chile

The Chilean concentrated orange juice market surged to $X in 2021, jumping by 65% 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). The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Concentrated Orange Juice Exports

Exports from Chile

In 2021, shipments abroad of concentrated orange juice increased by 99% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 191% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, concentrated orange juice exports skyrocketed to $X in 2021. Overall, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), Peru (X tons) and Germany (X tons) were the main destinations of concentrated orange juice exports from Chile, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +252.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated orange juice exported from Chile were Peru ($X), Japan ($X) and Germany ($X), with a combined 98% share of total exports.

Peru, with a CAGR of +287.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average concentrated orange juice export price amounted to $X per ton, picking up by 45% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. Over the period under review, the average export prices attained the peak figure 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 Peru ($X per ton), while the average price for exports to Japan ($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 Germany (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Orange Juice Imports

Imports into Chile

In 2021, approx. X tons of concentrated orange juice were imported into Chile; growing by 60% on 2020 figures. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, concentrated orange juice imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of concentrated orange juice to Chile, accounting for a 67% share of total imports. Moreover, concentrated orange juice imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+78.7% per year) and the United States (+29.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of concentrated orange juice to Chile, comprising 70% of total imports. The second position in the ranking was taken by Spain ($X), with a 20% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+68.6% per year) and the United States (+22.8% per year).

Import Prices by Country

The average concentrated orange juice import price stood at $X per ton in 2021, rising by 5.1% against the previous year. In general, the import price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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