Chile: Food Mixer Market 2024

Food Mixer Market Size in Chile

The Chilean food mixer market dropped dramatically to $X in 2022, waning by -38.1% against the previous year. Overall, consumption, however, posted pronounced growth. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Food Mixer Production in Chile

In value terms, food mixer production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 6.7%. Food mixer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Food Mixer Exports

Exports from Chile

In 2022, after two years of growth, there was significant decline in shipments abroad of domestic food grinders and mixers and fruit or vegetable juice extractors, when their volume decreased by -23.6% to X units. In general, exports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of 177%. The exports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, food mixer exports reduced to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 118%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Peru (X units) was the main destination for food mixer exports from Chile, with a 74% share of total exports. Moreover, food mixer exports to Peru exceeded the volume sent to the second major destination, Bolivia (X units), fivefold. The third position in this ranking was held by Paraguay (X units), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+4.0% per year) and Paraguay (+35.8% per year).

In value terms, Bolivia ($X), Peru ($X) and Paraguay ($X) constituted the largest markets for food mixer exported from Chile worldwide, together comprising 98% of total exports.

In terms of the main countries of destination, Paraguay, with a CAGR of +30.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average food mixer export price amounted to $X per unit, rising by 12% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Food Mixer Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in purchases abroad of domestic food grinders and mixers and fruit or vegetable juice extractors, when their volume decreased by -40.4% to X units. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year. As a result, imports reached the peak of X units, and then shrank remarkably in the following year.

In value terms, food mixer imports dropped sharply to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 153% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest food mixer supplier to Chile, with a 90% share of total imports. Moreover, food mixer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.2% per year) and Brazil (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to Chile, comprising 82% of total imports. The second position in the ranking was taken by Mexico ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+8.6% per year) and Brazil (+5.2% per year).

Import Prices by Country

The average food mixer import price stood at $X per unit in 2022, picking up by 4% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of 16%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :