Chile: Roasted Coffee Substitutes Market 2024

Roasted Coffee Substitutes Market Size in Chile

The Chilean roasted coffee substitutes market dropped to $X in 2021, shrinking by -2.7% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Roasted coffee substitutes consumption peaked at $X in 2020, and then dropped in the following year.

Roasted Coffee Substitutes Production in Chile

In value terms, roasted coffee substitutes production declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 25%. Roasted coffee substitutes production peaked at $X in 2020, and then fell in the following year.

Roasted Coffee Substitutes Exports

Exports from Chile

After two years of growth, overseas shipments of roasted chicory and other roasted coffee substitutes decreased by -16.9% to X tons in 2021. In general, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted sharply in the following year.

In value terms, roasted coffee substitutes exports reached $X in 2021. The total export value increased at an average annual rate of +2.0% 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 2017 when exports increased by 25% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Peru (X tons) was the main destination for roasted coffee substitutes exports from Chile, accounting for a 81% share of total exports. Moreover, roasted coffee substitutes exports to Peru exceeded the volume sent to the second major destination, Bolivia (X tons), sixfold. The third position in this ranking was held by Ecuador (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Peru totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+15.5% per year) and Ecuador (+10.9% per year).

In value terms, Peru ($X) remains the key foreign market for roasted chicory and other roasted coffee substitutes exports from Chile, comprising 74% of total exports. The second position in the ranking was held by Bolivia ($X), with a 23% share of total exports. It was followed by Ecuador, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+18.6% per year) and Ecuador (+6.1% per year).

Export Prices by Country

In 2021, the average roasted coffee substitutes export price amounted to $X per ton, picking up by 21% against the previous year. In general, the export price, however, saw a perceptible descent. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Ecuador ($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 Bolivia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Roasted Coffee Substitutes Imports

Imports into Chile

For the fourth year in a row, Chile recorded growth in purchases abroad of roasted chicory and other roasted coffee substitutes, which increased by 14% to X tons in 2021. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,956% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, roasted coffee substitutes imports fell modestly to $X in 2021. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,793% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2021, the United States (X tons) was the main supplier of roasted coffee substitutes to Chile, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +811.8%.

In value terms, the United States ($X) constituted the largest supplier of roasted chicory and other roasted coffee substitutes to Chile.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +757.9%.

Import Prices by Country

In 2021, the average roasted coffee substitutes import price amounted to $X per ton, declining by -14.9% against the previous year. In general, the import price faced a deep setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 162% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -5.7% per year.

Source: IndexBox Platform

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