Chile: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Chile

In 2022, the Chilean polyphenols and phenol-alcohols market decreased by -60.2% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Chile

In 2022, overseas shipments of polyphenols and phenol-alcohols decreased by -86% to X kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 137% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank dramatically in the following year.

In value terms, polyphenols and phenol-alcohols exports reduced remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2016 when exports increased by 133%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Colombia (X kg) was the main destination for polyphenols and phenol-alcohols exports from Chile, with a 95% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Colombia exceeded the volume sent to the second major destination, Peru (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at +3.2%.

In value terms, Colombia ($X) and Peru ($X) constituted the largest markets for polyphenols and phenol-alcohols exported from Chile worldwide.

In terms of the main countries of destination, Colombia, with a CAGR of -8.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2022, with a decrease of -29% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 45%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+10.2%), while the prices for the other major destinations experienced a decline.

Polyphenols And Phenol-Alcohols Imports

Imports into Chile

In 2022, purchases abroad of polyphenols and phenol-alcohols decreased by -72.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2016 when imports increased by 135% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols imports declined markedly to $X in 2022. Over the period under review, imports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2016 when imports increased by 211%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of polyphenols and phenol-alcohols to Chile, with a 38% share of total imports. Moreover, polyphenols and phenol-alcohols imports from Japan exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.2% per year) and the United States (-20.2% per year).

In value terms, the largest polyphenols and phenol-alcohols suppliers to Chile were Japan ($X), India ($X) and the United States ($X), together accounting for 60% of total imports. China, Colombia, Brazil, Denmark and Spain lagged somewhat behind, together accounting for a further 19%.

Colombia, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, rising by 58% against the previous year. Over the period under review, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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