Chile: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Chile

The Chilean frozen chicken cut market rose rapidly to $X in 2022, surging by 14% against the previous year. Over the period under review, consumption, however, posted a buoyant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Frozen Chicken Cut Production in Chile

In value terms, frozen chicken cut production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 77% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Chicken Cut Exports

Exports from Chile

In 2022, frozen chicken cut exports from Chile rose markedly to X tons, surging by 10% against 2021 figures. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, frozen chicken cut exports surged to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons), Mexico (X tons) and China (X tons) were the main destinations of frozen chicken cut exports from Chile, with a combined 68% share of total exports. Anguilla, the Philippines, Peru, Costa Rica and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +121.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for frozen cuts of chicken exports from Chile, comprising 45% of total exports. The second position in the ranking was held by Mexico ($X), with a 17% share of total exports. It was followed by China, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.9% per year) and China (+12.3% per year).

Export Prices by Country

In 2022, the average frozen chicken cut export price amounted to $X per ton, rising by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2021 when the average export price increased by 40%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Anguilla (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Chicken Cut Imports

Imports into Chile

In 2022, supplies from abroad of frozen cuts of chicken increased by 4.4% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 31%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, frozen chicken cut imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest frozen chicken cut supplier to Chile, with a 70% share of total imports. Moreover, frozen chicken cut imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.4% per year) and Argentina (-18.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of frozen cuts of chicken to Chile, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.3% per year) and Argentina (-14.6% per year).

Import Prices by Country

The average frozen chicken cut import price stood at $X per ton in 2022, picking up by 27% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen chicken cut import price increased by +80.5% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 42%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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