Chile: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Chile

In 2022, the Chilean market for candies, sweets, and nonchocolate confectionery increased by 7.9% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +67.1% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Production of Candies, Sweets, and Nonchocolate Confectionery in Chile

In value terms, candy, sweets, and nonchocolate confectionery production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 3%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Chile

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported from Chile; surging by 14% compared with the year before. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. Overall, exports, however, showed a perceptible contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Chile, with a 49% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Bolivia exceeded the volume sent to the second major destination, Ecuador (X tons), threefold. The third position in this ranking was held by Peru (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+2.7% per year) and Peru (+2.9% per year).

In value terms, Bolivia ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Chile, comprising 47% of total exports. The second position in the ranking was held by Ecuador ($X), with a 16% share of total exports. It was followed by Peru, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+3.5% per year) and Peru (+6.1% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, growing by 3.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 7% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Chile

Candy, sweets, and nonchocolate confectionery imports into Chile was estimated at X tons in 2022, surging by 5.7% on the year before. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports rose significantly to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 80% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Colombia (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Chile, together comprising 58% of total imports. China, the United States, Peru, Spain, Mexico and Germany lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to Chile were Colombia ($X), Argentina ($X) and China ($X), with a combined 47% share of total imports. Brazil, the United States, Spain, Mexico, Peru and Germany lagged somewhat behind, together comprising a further 38%.

Peru, with a CAGR of +20.8%, recorded the highest rates of growth with regard to 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

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, picking up by 4.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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