Chile: Prepared Mustard Market 2024

Prepared Mustard Market Size in Chile

In 2021, the Chilean prepared mustard market was finally on the rise to reach $X after four years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Prepared Mustard Production in Chile

In value terms, prepared mustard production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Prepared Mustard Exports

Exports from Chile

In 2021, overseas shipments of prepared mustard increased by 5.9% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 225%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, prepared mustard exports surged to $X in 2021. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 146%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for prepared mustard exports from Chile, with a 42% share of total exports. Moreover, prepared mustard exports to Brazil exceeded the volume sent to the second major destination, Costa Rica (X tons), twofold. Peru (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+1.6% per year) and Peru (-11.3% per year).

In value terms, Brazil ($X) emerged as the key foreign market for prepared mustard exports from Chile, comprising 44% of total exports. The second position in the ranking was held by Peru ($X), with a 14% share of total exports. It was followed by Costa Rica, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-12.7% per year) and Costa Rica (+19.7% per year).

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, picking up by 20% against the previous year. Overall, the export price, however, showed a abrupt curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Italy ($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 Costa Rica (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Chile

Prepared mustard imports into Chile expanded remarkably to X tons in 2021, surging by 6.7% compared with 2020. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 54% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, prepared mustard imports soared to $X in 2021. Overall, imports recorded a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 44%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of prepared mustard to Chile, with a 76% share of total imports. Moreover, prepared mustard imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Peru (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.5% per year) and Peru (+70.7% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared mustard to Chile, comprising 77% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by Germany, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.9% per year) and Germany (+5.2% per year).

Import Prices by Country

In 2021, the average prepared mustard import price amounted to $X per ton, jumping by 26% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached 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 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :