Chile: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Chile

For the fifth year in a row, the Chilean market for malt extract and food preparations of flour, meal, and starches recorded growth in sales value, which increased by 6.3% to $X in 2022. In general, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Chile

In value terms, production of malt extract and food preparations of flour, meal, and starches fell to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 104%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Chile

Exports of malt extract and food preparations of flour, meal, and starches from Chile dropped remarkably to X tons in 2022, which is down by -21.2% against the previous year. Overall, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 148% against the previous year. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches shrank significantly to $X in 2022. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 302% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Chile, with a 41% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to the United Arab Emirates exceeded the volume sent to the second major destination, Peru (X tons), fourfold. The third position in this ranking was held by Colombia (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +887.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+4.1% per year) and Colombia (-11.1% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Chile, comprising 56% of total exports. The second position in the ranking was taken by Peru ($X), with a 7.1% share of total exports. It was followed by Bangladesh, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +830.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+2.2% per year) and Bangladesh (-9.1% per year).

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, which is down by -4.2% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Mexico ($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 Egypt (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Chile

After five years of growth, purchases abroad of malt extract and food preparations of flour, meal, and starches decreased by -26.4% to X tons in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then declined significantly in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches declined to $X in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 58% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Singapore (X tons), Argentina (X tons) and Poland (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Chile, together accounting for 51% of total imports. The Netherlands, Lithuania, Canada, China, Germany, France, Uruguay, Brazil and the United States lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +567.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Lithuania ($X) and Argentina ($X) appeared to be the largest malt extract and food preparations of flour, meal, and starch suppliers to Chile, with a combined 49% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of +616.2%, saw the highest growth rate of 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 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with an increase of 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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