Chile: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Chile

In 2021, the Chilean grape juice (single strength) market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a noticeable shrinkage. Grape juice (single strength) consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Grape Juice (Single Strength) in Chile

In value terms, grape juice (single strength) production reached $X in 2021 estimated in export price. In general, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports from Chile

In 2021, the amount of grape juice (single strength) exported from Chile declined dramatically to X tons, shrinking by -18.4% against 2020. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 69% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, grape juice (single strength) exports contracted rapidly to $X in 2021. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by 126% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of grape juice (single strength) exports from Chile, together comprising 92% of total exports. China and the United States lagged somewhat behind, together comprising a further 7.1%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +1,304.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), Mexico ($X) and Japan ($X) were the largest markets for grape juice (single strength) exported from Chile worldwide, together comprising 88% of total exports.

Mexico, with a CAGR of +518.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average grape juice (single strength) export price stood at $X per ton in 2021, reducing by -9.4% against the previous year. In general, the export price showed a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 (+12.4%), while the prices for the other major destinations experienced a decline.

Imports of Grape Juice (Single Strength)

Imports into Chile

In 2021, purchases abroad of grape juice (single strength) decreased by -18.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 3,031% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grape juice (single strength) imports soared to $X in 2021. Over the period under review, imports, however, posted modest growth. The most prominent rate of growth was recorded in 2019 when imports increased by 2,245% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons) constituted the largest grape juice (single strength) supplier to Chile, accounting for a 85% share of total imports. Moreover, grape juice (single strength) imports from Peru exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru totaled +58.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.5% per year) and Brazil (+14.9% per year).

In value terms, the largest grape juice (single strength) suppliers to Chile were Peru ($X), the United States ($X) and Brazil ($X), together accounting for 97% of total imports.

Peru, with a CAGR of +66.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, with an increase of 73% against the previous year. Over the period under review, the import price, however, saw a deep setback. The growth pace was the most rapid in 2014 an increase of 106% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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