Chile: Toothpaste Market 2024

Toothpaste Market Size in Chile

The Chilean toothpaste market soared to $X in 2021, picking up by 30% 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). Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.1% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Toothpaste Exports

Exports from Chile

For the third consecutive year, Chile recorded decline in shipments abroad of toothpaste, denture cleaners and other dentifrices, which decreased by -2.7% to X tons in 2021. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 120%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, toothpaste exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a mild increase. The pace of growth appeared the most rapid in 2018 when exports increased by 95% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for toothpaste exports from Chile, accounting for a 67% share of total exports. Moreover, toothpaste exports to Bolivia exceeded the volume sent to the second major destination, Venezuela (X tons), twofold. The third position in this ranking was held by Argentina (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+867.6% per year) and Argentina (+38.2% per year).

In value terms, the largest markets for toothpaste exported from Chile were Venezuela ($X), Bolivia ($X) and Argentina ($X), together accounting for 94% of total exports.

Among the main countries of destination, Venezuela, with a CAGR of +948.6%, saw 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

The average toothpaste export price stood at $X per ton in 2021, increasing by 70% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, toothpaste export price increased by +99.6% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Peru (+21.9%), while the prices for the other major destinations experienced mixed trend patterns.

Toothpaste Imports

Imports into Chile

In 2021, toothpaste imports into Chile reached X tons, surging by 9.8% compared with the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 35%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, toothpaste imports surged to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), China (X tons) and Brazil (X tons) were the main suppliers of toothpaste imports to Chile, with a combined 78% share of total imports. These countries were followed by Slovakia, France, Argentina, the Netherlands and the United States, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +168.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of toothpaste, denture cleaners and other dentifrices to Chile, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Brazil, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.4% per year) and Brazil (-10.4% per year).

Import Prices by Country

In 2021, the average toothpaste import price amounted to $X per ton, with an increase of 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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