Chile: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Chile

The Chilean sugary soft drink market expanded markedly to $X in 2022, picking up by 9.6% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Sugary soft drink consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sugary Soft Drink Production in Chile

In value terms, sugary soft drink production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 36%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sugary Soft Drink Exports

Exports from Chile

In 2022, overseas shipments of sugary soft drinks increased by 145% to X litres, rising for the second year in a row after three years of decline. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 6,570% against the previous year. The exports peaked at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sugary soft drink exports soared to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 22,113% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X litres) was the main destination for sugary soft drink exports from Chile, with a 64% share of total exports. Moreover, sugary soft drink exports to Peru exceeded the volume sent to the second major destination, Paraguay (X litres), fourfold. The third position in this ranking was held by the United States (X litres), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Peru totaled +88.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+26.8% per year) and the United States (+22.2% per year).

In value terms, Peru ($X) emerged as the key foreign market for sugary soft drinks exports from Chile, comprising 50% of total exports. The second position in the ranking was held by Paraguay ($X), with a 23% share of total exports. It was followed by the United States, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to +95.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+31.8% per year) and the United States (+14.3% per year).

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, declining by -35% against the previous year. Overall, the export price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 233% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per litre), while the average price for exports to Peru ($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 Paraguay (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sugary Soft Drink Imports

Imports into Chile

For the fourth consecutive year, Chile recorded growth in overseas purchases of sugary soft drinks, which increased by 681% to X litres in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugary soft drink imports surged to $X in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Austria (X litres) constituted the largest supplier of sugary soft drink to Chile, with a 64% share of total imports. Moreover, sugary soft drink imports from Austria exceeded the figures recorded by the second-largest supplier, Peru (X litres), sixfold. Switzerland (X litres) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria stood at +318.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+43.2% per year) and Switzerland (0.0% per year).

In value terms, Austria ($X) constituted the largest supplier of sugary soft drinks to Chile, comprising 72% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 9.8% share of total imports. It was followed by Poland, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +285.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (0.0% per year) and Poland (+420.0% per year).

Import Prices by Country

In 2022, the average sugary soft drink import price amounted to $X per litre, with an increase of 78% against the previous year. Over the period under review, the import price recorded a temperate increase. 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 Poland ($X per litre), while the price for Peru ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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