Chile: Market for Crude Sunflower-Seed And Safflower Oil 2025

Market Size for Crude Sunflower-Seed And Safflower Oil in Chile

In 2022, the Chilean market for crude sunflower-seed and safflower oil decreased by -28.5% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed a resilient expansion. Crude sunflower-seed and safflower oil consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Production of Crude Sunflower-Seed And Safflower Oil in Chile

In value terms, crude sunflower-seed and safflower oil production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 364% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Chile

In 2022, overseas shipments of crude sunflower-seed and safflower oil increased by 69% to X tons, rising for the sixth consecutive year after three years of decline. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 218% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, crude sunflower-seed and safflower oil exports surged to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 358% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Mexico (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Chile, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico was relatively modest.

In value terms, Mexico ($X) emerged as the key foreign market for crude sunflower-seed and safflower oil exports from Chile.

From 2012 to 2022, the average annual growth rate of value to Mexico was relatively modest.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, growing by 5.7% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil export price increased by +75.2% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 44%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +62.6% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Chile

In 2022, after two years of growth, there was significant decline in purchases abroad of crude sunflower-seed and safflower oil, when their volume decreased by -29.5% to X tons. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 when imports increased by 146%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, crude sunflower-seed and safflower oil imports shrank markedly to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 138%. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, Argentina (X tons) was the main crude sunflower-seed and safflower oil supplier to Chile, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled +12.5%.

In value terms, Argentina ($X) constituted the largest supplier of crude sunflower-seed and safflower oil to Chile.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to +12.8%.

Import Prices by Country

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, picking up by 1.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 57%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Bolivia amounted to +24.3% per year.

Source: IndexBox Platform

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