Chile: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in Chile

The Chilean peach and nectarine market fell slightly to $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption, however, recorded a perceptible downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Peach And Nectarine Production in Chile

In value terms, peach and nectarine production fell to $X in 2021 estimated in export price. In general, production, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of 16%. Peach and nectarine production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of peaches and nectarines in Chile contracted modestly to X tons per ha, almost unchanged from 2020. The yield figure increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by 2% against the previous year. The peach and nectarine yield peaked at X tons per ha in 2020, and then reduced slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the peach and nectarine harvested area in Chile expanded to X ha, with an increase of 4.2% against the previous year. Over the period under review, the harvested area, however, continues to indicate a pronounced slump. Over the period under review, the harvested area dedicated to peach and nectarine production attained the maximum at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Peach And Nectarine Exports

Exports from Chile

In 2021, shipments abroad of peaches and nectarines decreased by -5% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 56%. The exports peaked at X tons in 2020, and then declined in the following year.

In value terms, peach and nectarine exports declined slightly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 26%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Mexico (X tons) were the main destinations of peach and nectarine exports from Chile, together accounting for 69% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +45.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peach and nectarine exported from Chile were the United States ($X), China ($X) and Mexico ($X), together comprising 71% of total exports.

In terms of the main countries of destination, China, with a CAGR of +42.3%, saw 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 peach and nectarine export price amounted to $X per ton, with an increase of 3.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 40%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 Mexico (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Peach And Nectarine Imports

Imports into Chile

In 2021, after two years of decline, there was significant growth in purchases abroad of peaches and nectarines, when their volume increased by 184% to X tons. Overall, imports continue to indicate significant growth. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, peach and nectarine imports soared to $X in 2021. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main peach and nectarine supplier to Chile, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +21.6%.

In value terms, the United States ($X) constituted the largest supplier of peach and nectarine to Chile.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +21.6%.

Import Prices by Country

In 2021, the average peach and nectarine import price amounted to $X per ton, with an increase of 30% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.0% per year.

Source: IndexBox Platform

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