Chile: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Chile

For the third consecutive year, the Chilean spirits and liqueurs market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, showed a buoyant increase. Spirits and liqueurs consumption peaked in 2022 and is expected to retain growth in the immediate term.

Spirits And Liqueurs Production in Chile

In value terms, spirits and liqueurs production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Spirits And Liqueurs Exports

Exports from Chile

Spirits and liqueurs exports from Chile surged to X litres in 2022, increasing by X% compared with 2021. Overall, exports, however, continue to indicate a pronounced downturn. The exports peaked at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X litres), the United States (X litres) and the Netherlands (X litres) were the main destinations of spirits and liqueurs exports from Chile, with a combined X% share of total exports. The Czech Republic, Germany, Vietnam, Argentina, Macao SAR, Spain, Panama, Portugal, Uruguay and Bolivia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Peru ($X) appeared to be the largest markets for spirits and liqueurs exported from Chile worldwide, together comprising X% of total exports. Vietnam, the Czech Republic, Germany, Macao SAR, Panama, Argentina, Uruguay, Spain, Portugal and Bolivia lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, dropping by X% against the previous year. In general, the export price showed a deep downturn. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, 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 Panama ($X per litre), while the average price for exports to Argentina ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports into Chile

After three years of growth, supplies from abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X litres, and then contracted markedly in the following year.

In value terms, spirits and liqueurs imports expanded sharply to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X litres) constituted the largest spirits and liqueurs supplier to Chile, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X litres), fourfold. Argentina (X litres) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

In value terms, the UK ($X), the United States ($X) and Mexico ($X) constituted the largest spirits and liqueurs suppliers to Chile, with a combined X% share of total imports. Italy, Spain, Argentina, Germany, Peru, Panama, the Netherlands, the Dominican Republic, Cuba and China lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 spirits and liqueurs import price amounted to $X per litre, growing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The import price peaked at $X per litre in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per litre), while the price for China ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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