Chile: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Chile

The Chilean tanned or dressed furskins market contracted markedly to $X in 2022, shrinking by -32.7% against 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). In general, consumption recorded a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Tanned or Dressed Furskins

Exports from Chile

For the fourth consecutive year, Chile recorded decline in overseas shipments of tanned or dressed furskins, which decreased by 0% to X units in 2018. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 369%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

In value terms, tanned or dressed furskins exports stood at $X in 2018. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 516% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X units) was the main destination for tanned or dressed furskins exports from Chile, with a 87% share of total exports. Moreover, tanned or dressed furskins exports to the Philippines exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2018, the average annual growth rate of volume to the Philippines stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-28.0% per year) and the United States (-16.7% per year).

It was followed by the United States, with a 3% share.

From 2012 to 2018, the average annual rate of growth in terms of value to the Philippines amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-14.0% per year) and the United States (-8.0% per year).

Export Prices by Country

In 2018, the average tanned or dressed furskins export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth was the most pronounced in 2013 an increase of 52%. The export price peaked at $X per unit in 2014; however, from 2015 to 2018, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tanned or Dressed Furskins

Imports into Chile

Tanned or dressed furskins imports into Chile contracted rapidly to X units in 2022, with a decrease of -20.5% against 2021 figures. Overall, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 74%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, tanned or dressed furskins imports declined markedly to $X in 2022. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 54%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Bangladesh (X units), Brazil (X units) and Uruguay (X units) were the main suppliers of tanned or dressed furskins imports to Chile, together comprising 83% of total imports. China and Argentina lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Bangladesh ($X) and Uruguay ($X) appeared to be the largest tanned or dressed furskins suppliers to Chile, with a combined 85% share of total imports. China and Argentina lagged somewhat behind, together accounting for a further 11%.

China, with a CAGR of +9.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average tanned or dressed furskins import price amounted to $X per unit, falling by -33.8% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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