Chile: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Chile

The Chilean market for salted, dried or smoked meat, and offal dropped to $X in 2022, waning by -2.5% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Chile

In value terms, production of salted, dried or smoked meat, and offal reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Chile

In 2022, the amount of salted, dried or smoked meat, and offal exported from Chile contracted sharply to X tons, shrinking by -33.9% on the year before. Over the period under review, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 25%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of salted, dried or smoked meat, and offal reduced rapidly to $X in 2022. Overall, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 7.4%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for exports of salted, dried or smoked meat, and offal from Chile, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled -9.9%.

In value terms, Peru ($X) also remains the key foreign market for salted, dried or smoked meat, and offal exports from Chile.

From 2012 to 2022, the average annual growth rate of value to Peru totaled -6.5%.

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, surging by 9.3% against the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 319%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +13.0% per year.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Chile

In 2022, imports of salted, dried or smoked meat, and offal into Chile expanded notably to X tons, picking up by 8.7% against the previous year. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of salted, dried or smoked meat, and offal stood at $X in 2022. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 79%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest salted, dried or smoked meat, and offal supplier to Chile, with a 63% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.1% per year) and Italy (+19.4% per year).

In value terms, Spain ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Chile, comprising 66% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+23.1% per year) and Italy (+11.7% per year).

Import Prices by Country

In 2022, the average import price for salted, dried or smoked meat, and offal amounted to $X per ton, declining by -7.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform