Chile: Malt Market 2024

Malt Market Size in Chile

The Chilean malt market soared to $X in 2021, growing by 20% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Malt Production in Chile

In value terms, malt production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 21%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Malt Exports

Exports from Chile

After four years of growth, shipments abroad of malt (not roasted) decreased by -45.8% to X tons in 2021. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 270%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, malt exports reduced notably to $X in 2021. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 253%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for malt exports from Chile, with a 63% share of total exports. Moreover, malt exports to Bolivia exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was taken by Peru (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia stood at +83.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+263.9% per year) and Peru (-33.2% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for malt (not roasted) exports from Chile, comprising 61% of total exports. The second position in the ranking was held by Argentina ($X), with an 18% share of total exports. It was followed by Peru, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia amounted to +78.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+242.5% per year) and Peru (-33.0% per year).

Export Prices by Country

In 2021, the average malt export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of 4.9%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per ton) and Peru ($X per ton), while the average price for exports to Argentina ($X per ton) and Bolivia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Malt Imports

Imports into Chile

For the third consecutive year, Chile recorded growth in overseas purchases of malt (not roasted), which increased by 34% to X tons in 2021. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 87% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, malt imports skyrocketed to $X in 2021. In general, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 82% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of malt to Chile, accounting for a 81% share of total imports. Moreover, malt imports from Argentina exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina totaled +4.1%.

In value terms, Argentina ($X) constituted the largest supplier of malt (not roasted) to Chile, comprising 81% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Argentina totaled +4.6%.

Import Prices by Country

In 2021, the average malt import price amounted to $X per ton, rising by 14% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.5%).

Source: IndexBox Platform

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