Chile: Tilapias Market 2022

Tilapias Market Size in Chile

The Chilean tilapias market soared to $X in 2021, rising by X% 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 continues to indicate a resilient increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Tilapias Exports

Exports from Chile

In 2021, approx. X tons of tilapias were exported from Chile; declining by -X% against the previous year's figure. Overall, exports faced a deep contraction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, tilapias exports reduced to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for tilapias exports from Chile, accounting for a X% share of total exports. Moreover, tilapias exports to the United States exceeded the volume sent to the second major destination, Trinidad and Tobago (X kg), more than tenfold. The third position in this ranking was held by Norway (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Norway (X% per year).

In value terms, the United States ($X) remains the key foreign market for tilapias exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Trinidad and Tobago ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (X% per year) and Canada (-X% per year).

Export Prices by Country

In 2021, the average tilapias export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed strong growth. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tilapias Imports

Imports into Chile

In 2021, the amount of tilapias imported into Chile skyrocketed to X tons, jumping by X% compared with the previous year. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, tilapias imports surged to $X in 2021. Overall, imports recorded a buoyant increase. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main tilapias supplier to Chile, accounting for a X% share of total imports. Moreover, tilapias imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Costa Rica (+X% per year).

In value terms, China ($X) constituted the largest supplier of tilapias to Chile, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Costa Rica (-X% per year).

Import Prices by Country

In 2021, the average tilapias import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight setback. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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