Chile: Sulphites Market 2024

Sulphites Market Size in Chile

The Chilean sulphites market reduced modestly to $X in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sulphites Exports

Exports from Chile

In 2022, overseas shipments of sulphites were finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a significant increase. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sulphites exports soared to $X in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for sulphites exports from Chile, with a 97% share of total exports. It was followed by Ecuador (X tons), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-35.1% per year) and Peru (-18.5% per year).

In value terms, Argentina ($X) remains the key foreign market for sulphites exports from Chile, comprising 94% of total exports. The second position in the ranking was held by Peru ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-9.5% per year) and Ecuador (-31.5% per year).

Export Prices by Country

The average sulphites export price stood at $X per ton in 2022, with an increase of 34% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 195%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Ecuador ($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 (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites Imports

Imports into Chile

In 2022, approx. X tons of sulphites were imported into Chile; waning by -21.6% against the previous year's figure. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 81%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sulphites imports soared to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +105.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest sulphites supplier to Chile, with a 68% share of total imports. Moreover, sulphites imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.6% per year) and Germany (-9.2% per year).

In value terms, China ($X) constituted the largest supplier of sulphites to Chile, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.1% per year) and Germany (-1.6% per year).

Import Prices by Country

The average sulphites import price stood at $X per ton in 2022, rising by 62% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites import price increased by +92.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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