Chile: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Chile

In 2021, after two years of decline, there was significant growth in the Chilean food manufacture machinery market, when its value increased by 95% to $X. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Production in Chile

In value terms, food manufacture machinery production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Food Manufacture Machinery Exports

Exports from Chile

Food manufacture machinery exports from Chile soared to X units in 2021, rising by 468% on the previous year's figure. Over the period under review, exports posted slight growth. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. Overall, exports, however, recorded a drastic downturn. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X units), Bolivia (X units) and Spain (X units) were the main destinations of food manufacture machinery exports from Chile, with a combined 85% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +70.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for food manufacture machinery exported from Chile were Mexico ($X), Peru ($X) and Denmark ($X), with a combined 80% share of total exports. Bolivia, Spain, Brazil and Venezuela lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Spain, with a CAGR of +45.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average food manufacture machinery export price amounted to $X per unit, reducing by -33.6% against the previous year. In general, the export price showed a abrupt decline. The growth pace was the most rapid in 2015 when the average export price increased by 316% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+60.5%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Chile

In 2021, food manufacture machinery imports into Chile soared to X units, surging by 521% on the year before. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports soared to $X in 2021. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest food manufacture machinery supplier to Chile, accounting for a 64% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by the United States (X units), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+69.8% per year) and the United States (+10.6% per year).

In value terms, China ($X), France ($X) and Italy ($X) were the largest food manufacture machinery suppliers to Chile, together comprising 43% of total imports.

In terms of the main suppliers, France, with a CAGR of +45.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, falling by -33.4% against the previous year. Overall, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2018 an increase of 28%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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