Chile: Pork Market 2025

Pork Market Size in Chile

In 2022, after three years of growth, there was decline in the Chilean pork market, when its value decreased by -2.5% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Pork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pork Production in Chile

In value terms, pork production reached $X in 2022 estimated in export price. Overall, production saw a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Pork production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average pork yield in Chile reduced modestly to X kg per head, flattening at the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by 3.4% against the previous year. Over the period under review, the average pork yield reached the maximum level at X kg per head in 2012; however, from 2013 to 2022, the yield remained at a lower figure.

The number of animals slaughtered for pork production in Chile shrank modestly to X heads in 2022, remaining stable against the previous year. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 5%. Over the period under review, this number reached the peak level at X heads in 2021, and then declined slightly in the following year.

Pork Exports

Exports from Chile

In 2022, overseas shipments of pork decreased by -15.5% to X tons, falling for the second consecutive year after three years of growth. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pork exports contracted notably to $X in 2022. In general, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for pork exports from Chile, with a 42% share of total exports. Moreover, pork exports to China exceeded the volume sent to the second major destination, South Korea (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-0.6% per year) and Japan (+0.9% per year).

In value terms, the largest markets for pork exported from Chile were South Korea ($X), China ($X) and Japan ($X), together accounting for 80% of total exports.

In terms of the main countries of destination, China, with a CAGR of +27.2%, saw the highest rates of growth with regard to 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 2022, the average pork export price amounted to $X per ton, declining by -8.8% against the previous year. Overall, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pork Imports

Imports into Chile

After three years of growth, supplies from abroad of pork decreased by -34.9% to X tons in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 96%. Imports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, pork imports dropped markedly to $X in 2022. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 82%. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest pork supplier to Chile, accounting for a 69% share of total imports. Moreover, pork imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+292.5% per year) and the United States (-5.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of pork to Chile, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and Spain (+251.9% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, dropping by -4.8% against the previous year. In general, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+42.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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