Chile: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Chile

In 2021, after two years of growth, there was decline in the Chilean market for peel of citrus fruit or melons, when its value decreased by -4.4% to $X. Overall, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 +95.1% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Peel Of Citrus Fruit Or Melons in Chile

In value terms, citrus fruit or melons peel production reduced to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 +80.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 69% against the previous year. Citrus fruit or melons peel production peaked at $X in 2020, and then fell in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Chile

Citrus fruit or melons peel exports from Chile declined significantly to X tons in 2021, which is down by -20.3% on the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 67%. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, citrus fruit or melons peel exports reduced dramatically to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 67%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Japan (X tons) was the main destination for citrus fruit or melons peel exports from Chile, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Japan was relatively modest.

In value terms, Japan ($X) also remains the key foreign market for peel of citrus fruit or melons exports from Chile.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest.

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, waning by -6.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 9.4%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +1.2% per year.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Chile

In 2021, citrus fruit or melons peel imports into Chile surged to X tons, with an increase of 703% compared with the previous year. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, citrus fruit or melons peel imports skyrocketed to $X in 2021. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 403%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Malaysia (X tons), Paraguay (X tons) and Turkey (X kg) were the main suppliers of citrus fruit or melons peel imports to Chile, with a combined 94% share of total imports. Germany lagged somewhat behind, accounting for a further 5.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of peel of citrus fruit or melons to Chile, comprising 63% of total imports. The second position in the ranking was taken by Paraguay ($X), with a 15% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+23.0% per year) and Germany (+10.5% per year).

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, shrinking by -57.8% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when the average import price increased by 308%. As a result, import price reached the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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