Chile: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in Chile

The Chilean frozen poultry liver market stood at $X in 2022, flattening at the previous year. Overall, consumption, however, continues to indicate resilient growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Frozen Poultry Liver Production in Chile

In value terms, frozen poultry liver production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 228%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Frozen Poultry Liver Exports

Exports from Chile

For the fifth year in a row, Chile recorded growth in shipments abroad of frozen poultry livers and offal, which increased by 13% to X tons in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +80.2% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by 32%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen poultry liver exports surged to $X in 2022. Over the period under review, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue 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 poultry liver exports from Chile, with a combined 70% share of total exports. Anguilla, the Philippines, Peru, the UK and Hong Kong SAR lagged somewhat behind, together accounting for a further 23%.

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 ($X) remains the key foreign market for frozen poultry livers and offal exports from Chile, comprising 48% of total exports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.3% per year) and China (+13.0% per year).

Export Prices by Country

In 2022, the average frozen poultry liver export price amounted to $X per ton, growing by 24% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen poultry liver export price increased by +68.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 36%. The export price peaked in 2022 and is likely to see steady 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 Poultry Liver Imports

Imports into Chile

In 2022, supplies from abroad of frozen poultry livers and offal increased by 2.9% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a prominent increase. The growth pace was the most rapid in 2015 with an increase of 32%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen poultry liver imports surged to $X in 2022. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 84%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of frozen poultry liver to Chile, with a 72% share of total imports. Moreover, frozen poultry liver 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 rate of growth in terms of volume from Brazil totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.0% per year) and Argentina (-18.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of frozen poultry livers and offal to Chile, comprising 84% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.0% per year) and Argentina (-14.6% per year).

Import Prices by Country

In 2022, the average frozen poultry liver import price amounted to $X per ton, picking up by 32% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen poultry liver import price increased by +94.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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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