Chile: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Chile

The Chilean market for mixed condiments, sauses and seasonings rose modestly to $X in 2022, surging by 3.8% against the previous year. In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Mixed Condiments, Sauses and Seasonings in Chile

In value terms, mixed condiment, sause and seasoning production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 56%. Mixed condiment, sause and seasoning production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Chile

Mixed condiment, sause and seasoning exports from Chile surged to X tons in 2022, jumping by 20% compared with the previous year's figure. In general, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +27.3% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, mixed condiment, sause and seasoning exports surged to $X in 2022. Overall, exports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for mixed condiment, sause and seasoning exports from Chile, accounting for a 59% share of total exports. Moreover, mixed condiment, sause and seasoning exports to Peru exceeded the volume sent to the second major destination, Bolivia (X tons), sixfold. Mexico (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+22.3% per year) and Mexico (+3.6% per year).

In value terms, Peru ($X) remains the key foreign market for mixed condiments, sauses and seasonings exports from Chile, comprising 58% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 10% share of total exports. It was followed by Mexico, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Peru amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+21.5% per year) and Mexico (-4.6% per year).

Export Prices by Country

In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $X per ton, declining by -1.7% against the previous year. Overall, the export price showed a pronounced decline. The growth pace was the most rapid in 2018 an increase of 9.1% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Argentina ($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 Brazil (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Chile

In 2022, supplies from abroad of mixed condiments, sauses and seasonings decreased by -8.8% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2017 when imports increased by 30%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, mixed condiment, sause and seasoning imports dropped to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of mixed condiment, sause and seasoning to Chile, with a 70% share of total imports. Moreover, mixed condiment, sause and seasoning imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), eightfold. The third position in this ranking was taken by Argentina (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+28.7% per year) and Argentina (-15.7% per year).

In value terms, the United States ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Chile, comprising 64% of total imports. The second position in the ranking was held by Peru ($X), with a 13% share of total imports. It was followed by Uruguay, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+34.4% per year) and Uruguay (+52.1% per year).

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2015 an increase of 20% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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