Chile: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Chile

For the fourth consecutive year, the Chilean market for protein concentrates and flavoured or coloured sugar syrups recorded growth in sales value, which increased by 38% to $X in 2021. In general, consumption saw a buoyant expansion. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Chile

In 2021, overseas shipments of protein concentrates and flavoured or coloured sugar syrups increased by 356% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,659% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 2,088% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Chile, with a 84% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Argentina exceeded the volume sent to the second major destination, Peru (X tons), tenfold. The third position in this ranking was taken by Costa Rica (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-1.5% per year) and Costa Rica (+105.6% per year).

In value terms, Argentina ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Chile, comprising 72% of total exports. The second position in the ranking was held by Peru ($X), with a 16% share of total exports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+2.9% per year) and the United States (+1,239.7% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, with a decrease of -37.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. As a result, the export price reached the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina ($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 the United States (+33.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Chile

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups imported into Chile surged to X tons, with an increase of 33% against the previous year. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 418%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 163% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Brazil (X tons) was the main supplier of protein concentrate and flavoured or coloured sugar syrup to Chile, accounting for a 92% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Argentina (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.6% per year) and Argentina (+7.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Chile, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with an 8.3% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.3% per year) and the United States (-8.2% per year).

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, growing by 8.8% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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