Chile: Molluscs Market 2024

Molluscs Market Size in Chile

The Chilean molluscs market surged to $X in 2021, growing by 18% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Molluscs consumption peaked in 2021 and is likely to continue growth in years to come.

Molluscs Production in Chile

In value terms, molluscs production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Molluscs production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Molluscs Exports

Exports from Chile

Molluscs exports from Chile declined to X tons in 2021, flattening at 2020. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 46% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, molluscs exports shrank significantly to $X in 2021. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by 51% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), Spain (X tons) and Japan (X tons) were the main destinations of molluscs exports from Chile, with a combined 76% share of total exports. These countries were followed by Taiwan (Chinese), Mexico, Thailand, China and the Philippines, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +12.8%), while the other leaders experienced a decline.

In value terms, the largest markets for molluscs exported from Chile were Spain ($X), South Korea ($X) and Japan ($X), together comprising 75% of total exports. Taiwan (Chinese), Mexico, Thailand, China and the Philippines lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Mexico, with a CAGR of +15.0%, 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

The average molluscs export price stood at $X per ton in 2021, dropping by -21.7% against the previous year. In general, the export price, however, saw pronounced growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 Russia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into Chile

In 2021, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were imported into Chile; increasing by 97% against the previous year's figure. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, molluscs imports skyrocketed to $X in 2021. In general, imports showed 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 tons) constituted the largest supplier of molluscs to Chile, with a 82% share of total imports. Moreover, molluscs imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+12.1% per year) and Argentina (+12.0% per year).

In value terms, China ($X) constituted the largest supplier of molluscs (scallops, mussels, cuttle fish, squid and octopus) to Chile, comprising 68% of total imports. The second position in the ranking was held by Peru ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+8.5% per year) and Argentina (+8.2% per year).

Import Prices by Country

In 2021, the average molluscs import price amounted to $X per ton, picking up by 31% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Peru ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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