Report Update Nov 1, 2024

Chile - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Palm Oil Market 2024

Palm Oil Market Size in Chile

In 2022, the Chilean palm oil market increased by 11% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Palm Oil Exports

Exports from Chile

In 2018, overseas shipments of palm oil decreased by 0% to X tons, falling for the second consecutive year after three years of decline. In general, exports recorded strong growth. The smallest decline of -53.3% was in 2014. Over the period under review, the exports hit record highs in 2018 and are expected to retain growth in the near future.

In value terms, palm oil exports stood at $X in 2018. Over the period under review, exports saw a perceptible reduction. The smallest decline of -55.3% was in 2014. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2018, the exports remained at a lower figure.

Exports by Country

Peru (X tons) and Colombia (X tons) were the main destinations of palm oil exports from Chile.

From 2013 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +34.2%).

From 2013 to 2018, the average annual rate of growth in terms of value to Peru was relatively modest.

Export Prices by Country

In 2018, the average palm oil export price amounted to $X per ton, remaining constant against the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2014 a decrease of -4.3% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2018, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Colombia totaled $X per ton.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+8.5%), while the prices for the other major destinations experienced a decline.

Palm Oil Imports

Imports into Chile

In 2022, after ten years of growth, there was significant decline in purchases abroad of palm oil, when their volume decreased by -9.2% to X tons. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 449% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, palm oil imports soared to $X in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 313% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of palm oil to Chile, with a 72% share of total imports. Moreover, palm oil imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was held by Malaysia (X tons), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru totaled +65.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+23.8% per year) and Malaysia (+13.6% per year).

In value terms, Peru ($X) constituted the largest supplier of palm oil to Chile, comprising 70% of total imports. The second position in the ranking was taken by Colombia ($X), with a 24% share of total imports. It was followed by Malaysia, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to +66.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+28.1% per year) and Malaysia (+16.0% per year).

Import Prices by Country

In 2022, the average palm oil import price amounted to $X per ton, picking up by 32% against the previous year. In general, the import price posted a tangible increase. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Malaysia ($X per ton), while the price for Peru ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm oil in the world?

Indonesia remains the largest palm oil consuming country worldwide, comprising approx. 25% of total volume. Moreover, palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India, threefold. Malaysia ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of palm oil in the world?

Indonesia constituted the country with the largest volume of palm oil production, accounting for 56% of total volume. Moreover, palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. Thailand ranked third in terms of total production with a 4% share.

What are the leading suppliers of palm oil to Chile?

In value terms, Peru constituted the largest supplier of palm oil to Chile, comprising 47% of total imports. The second position in the ranking was occupied by Indonesia, with a 23% share of total imports. It was followed by Colombia, with a 14% share.

What are the leading importers of palm oil from Chile?

In value terms, Peru remains the key foreign market for palm oil exports from Chile.

What is the average export price for palm oil in Chile?

The average palm oil export price stood at $1,914 per ton in 2020, picking up by 6.4% against the previous year.

What is the average import price for palm oil in Chile?

The average palm oil import price stood at $833 per ton in 2020, increasing by 9.3% against the previous year.

This report provides an in-depth analysis of the palm oil market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 257 - Oil of palm

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023