Chile: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Chile

After two years of decline, the Chilean prepared dish and meal market increased by 16% to $X in 2021. Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2018 indices. Prepared dish and meal consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Dishes And Meals in Chile

In value terms, prepared dish and meal production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports from Chile

For the seventh year in a row, Chile recorded decline in shipments abroad of prepared dishes and meals, which decreased by -20.5% to X tons in 2021. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 2.5% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, prepared dish and meal exports dropped remarkably to $X in 2021. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 6.5%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X tons), Argentina (X tons) and Paraguay (X tons) were the main destinations of prepared dish and meal exports from Chile, with a combined 49% share of total exports. These countries were followed by Peru, Bolivia, Costa Rica, Honduras, Panama, Colombia, the United States, Latvia, Nicaragua and France, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for prepared dishes and meals exports from Chile, comprising 48% of total exports. The second position in the ranking was held by Peru ($X), with an 8.1% share of total exports. It was followed by Paraguay, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-17.5% per year) and Paraguay (-8.0% per year).

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, shrinking by -4.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Argentina ($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 the United States (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Chile

In 2021, prepared dish and meal imports into Chile surged to X tons, jumping by 26% against 2020. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports soared to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 49% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of prepared dish and meal imports to Chile, with a combined 47% share of total imports. Germany, Brazil, Argentina, Spain, the Netherlands, Singapore, Mexico, China, Thailand and Poland lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +69.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of prepared dishes and meals to Chile, comprising 28% of total imports. The second position in the ranking was taken by Spain ($X), with a 6.8% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.6% per year) and Germany (+16.0% per year).

Import Prices by Country

In 2021, the average prepared dish and meal import price amounted to $X per ton, growing by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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