Chile: Preserved Pork Market 2021

Preserved Pork Market Size in Chile

In 2020, the Chilean preserved pork market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Preserved Pork Production in Chile

In value terms, preserved pork production expanded markedly to $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Preserved Pork Exports

Exports from Chile

In 2020, shipments abroad of pig meat salted (salted, in brine, dried or smoked) was finally on the rise to reach X tons for the first time since 2015, thus ending a four-year declining trend. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. from 2012 to 2020, the growth exports remained at a lower figure.

In value terms, preserved pork exports skyrocketed to $X in 2020. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Australia (X tons), New Zealand (X tons) and Cuba (X tons) were the main destinations of preserved pork exports from Chile, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Cuba (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) remains the key foreign market for preserved pork exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Cuba ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Australia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+X% per year) and New Zealand (-X% per year).

Export Prices by Country

In 2020, the average preserved pork export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Preserved Pork Imports

Imports into Chile

In 2020, imports of pig meat salted (salted, in brine, dried or smoked) into Chile dropped to X tons, with a decrease of -X% on 2019. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, preserved pork imports dropped modestly to $X in 2020. Over the period under review, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tons) constituted the largest preserved pork supplier to Chile, accounting for a X% share of total imports. Moreover, preserved pork imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Canada (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of preserved pork to Chile, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Canada (+X% per year).

Import Prices by Country

The average preserved pork import price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :