Chile: Durum Wheat Market 2025

Durum Wheat Market Size in Chile

The Chilean durum wheat market reduced modestly to $X in 2022, stabilizing at the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Durum Wheat Production in Chile

In value terms, durum wheat production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.3% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 80%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average yield of durum wheat in Chile reached X tons per ha, approximately equating the previous year's figure. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 18%. The durum wheat yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of durum wheat were harvested in Chile; waning by -4.7% against 2021. Over the period under review, the harvested area showed a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of 10%. The durum wheat harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports from Chile

In 2022, shipments abroad of durum wheat increased by 1,127% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a abrupt setback. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, durum wheat exports surged to $X in 2022. In general, exports, however, faced a deep contraction. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for durum wheat exports from Chile, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at -5.3%.

In value terms, Canada ($X) also remains the key foreign market for durum wheat exports from Chile.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to -6.1%.

Export Prices by Country

The average durum wheat export price stood at $X per ton in 2022, picking up by 4.1% against the previous year. In general, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +21.1% per year.

Durum Wheat Imports

Imports into Chile

Durum wheat imports into Chile skyrocketed to X tons in 2022, jumping by 263% compared with the previous year. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 668%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports soared to $X in 2022. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 800%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Canada (X tons) was the main supplier of durum wheat to Chile, accounting for a 93% share of total imports. Moreover, durum wheat imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold. Paraguay (X tons) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+11.1% per year) and Paraguay (-33.9% per year).

In value terms, Canada ($X) constituted the largest supplier of durum wheat to Chile, comprising 93% of total imports. The second position in the ranking was taken by Argentina ($X), with a 5.8% share of total imports. It was followed by Paraguay, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value from Canada amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+9.4% per year) and Paraguay (-30.5% per year).

Import Prices by Country

The average durum wheat import price stood at $X per ton in 2022, surging by 5.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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