Chile: Tomato Puree Market 2024

Tomato Puree Market Size in Chile

In 2022, the Chilean tomato puree market increased by 28% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a perceptible increase 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, consumption increased by +91.0% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Tomato Puree Production in Chile

In value terms, tomato puree production totaled $X in 2022 estimated in export price. In general, production saw a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 10% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Tomato Puree Exports

Exports from Chile

For the third year in a row, Chile recorded decline in overseas shipments of tomato puree and paste, which decreased by -12% to X tons in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.9% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 62% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, tomato puree exports skyrocketed to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +108.4% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 53%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Mexico (X tons), the United States (X tons) and Venezuela (X tons) were the main destinations of tomato puree exports from Chile, with a combined 31% share of total exports. Japan, Brazil, Colombia, Argentina, Uruguay, Guatemala, Germany, Costa Rica, Paraguay and South Korea lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato puree exported from Chile were Mexico ($X), Venezuela ($X) and the United States ($X), with a combined 33% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +42.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tomato puree export price amounted to $X per ton, jumping by 48% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato puree export price increased by +76.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Venezuela ($X per ton) and Mexico ($X per ton), while the average price for exports to Brazil ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Puree Imports

Imports into Chile

In 2022, approx. X tons of tomato puree and paste were imported into Chile; declining by -3.3% compared with 2021 figures. In general, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 127%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, tomato puree imports stood at $X in 2022. Overall, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 108% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and Spain (X tons) were the main suppliers of tomato puree imports to Chile, together accounting for 92% of total imports. Uruguay, Argentina and the United States lagged somewhat behind, together accounting for a further 6.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +1,055.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato puree suppliers to Chile were Italy ($X), China ($X) and Spain ($X), together accounting for 94% of total imports. Argentina, Uruguay and the United States lagged somewhat behind, together accounting for a further 3.1%.

Uruguay, with a CAGR of +684.3%, saw the highest growth rate of 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

In 2022, the average tomato puree import price amounted to $X per ton, increasing by 16% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato puree import price increased by +66.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 56% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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