Chile: Soft Drink Market 2024

Soft Drink Market Size in Chile

After nine years of growth, the Chilean soft drink market decreased by -2.4% to $X in 2021. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +117.1% against 2012 indices. Over the period under review, the market reached the peak level at $X in 2020, and then dropped modestly in the following year.

Soft Drink Production in Chile

In value terms, soft drink production reduced modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +101.7% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 55% against the previous year. Soft drink production peaked at $X in 2020, and then dropped modestly in the following year.

Soft Drink Exports

Exports from Chile

In 2021, the amount of soft drinks exported from Chile fell remarkably to X litres, shrinking by -31.6% on the previous year. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 29%. The exports peaked at X litres in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, soft drink exports fell to $X in 2021. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 11%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X litres) was the main destination for soft drink exports from Chile, accounting for a 32% share of total exports. Moreover, soft drink exports to Peru exceeded the volume sent to the second major destination, Brazil (X litres), threefold. The third position in this ranking was taken by Bolivia (X litres), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+18.3% per year) and Bolivia (-23.2% per year).

In value terms, the largest markets for soft drink exported from Chile were Peru ($X), China ($X) and Canada ($X), together accounting for 44% of total exports.

In terms of the main countries of destination, China, with a CAGR of +121.3%, recorded the highest growth rate of 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 soft drink export price amounted to $X per litre, growing by 46% against the previous year. In general, the export price saw a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Canada ($X per litre), while the average price for exports to Bolivia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Soft Drink Imports

Imports into Chile

In 2021, soft drink imports into Chile skyrocketed to X litres, with an increase of 39% compared with the previous year's figure. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, soft drink imports surged to $X in 2021. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X litres), Poland (X litres) and China (X litres) were the main suppliers of soft drink imports to Chile, together accounting for 64% of total imports. Mexico, Peru, Brazil, South Korea, the United States, Switzerland, Colombia, Spain, Italy and Germany lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were in Switzerland (with a CAGR of +166.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of soft drink to Chile, comprising 49% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Mexico, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Austria totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+68.2% per year) and Mexico (+81.6% per year).

Import Prices by Country

In 2021, the average soft drink import price amounted to $X per litre, jumping by 33% against the previous year. Overall, the import price, however, saw a mild slump. The import price peaked at $X per litre in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per litre), while the price for China ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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