Chile: Orange Market 2024

Orange Market Size in Chile

The Chilean orange market skyrocketed to $X in 2022, growing by 63% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Orange consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Orange Production in Chile

In value terms, orange production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The average yield of oranges in Chile declined to X tons per ha in 2022, approximately mirroring the previous year's figure. The yield figure increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by 7.5%. Over the period under review, the average orange yield attained the maximum level at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the orange harvested area in Chile contracted modestly to X ha, approximately equating the previous year's figure. Overall, the harvested area recorded a perceptible slump. The pace of growth was the most pronounced in 2020 when the harvested area increased by 1.3%. Over the period under review, the harvested area dedicated to orange production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Orange Exports

Exports from Chile

In 2022, the amount of oranges exported from Chile fell notably to X tons, with a decrease of -22% compared with the previous year's figure. In general, total exports indicated a slight expansion from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2018 when exports increased by 32% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped notably in the following year.

In value terms, orange exports contracted markedly to $X in 2022. Overall, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2020 when exports increased by 34%. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for orange exports from Chile, accounting for a 91% share of total exports. It was followed by the Dominican Republic (X tons), with a 1.9% share of total exports. The third position in this ranking was taken by Ecuador (X tons), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+27.0% per year) and Ecuador (+4.8% per year).

In value terms, the United States ($X) remains the key foreign market for oranges exports from Chile, comprising 90% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 2.1% share of total exports. It was followed by Ecuador, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+30.4% per year) and Ecuador (+8.1% per year).

Export Prices by Country

The average orange export price stood at $X per ton in 2022, shrinking by -3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2020 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Dominican Republic ($X per ton) and Canada ($X per ton), while the average price for exports to the United States ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Orange Imports

Imports into Chile

After two years of growth, supplies from abroad of oranges decreased by -47.1% to X tons in 2022. In general, imports, however, showed a notable expansion. The pace of growth was the most pronounced in 2016 with an increase of 77% against the previous year. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, orange imports fell rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 91% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main supplier of orange to Chile, with a 93% share of total imports. Moreover, orange imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +3.3%.

In value terms, the United States ($X) constituted the largest supplier of oranges to Chile, comprising 95% of total imports. The second position in the ranking was taken by Argentina ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +6.1%.

Import Prices by Country

In 2022, the average orange import price amounted to $X per ton, increasing by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2014 when the average import price increased by 40%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while the price for Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.9%).

Source: IndexBox Platform

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