Chile: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Chile

In 2021, after six years of growth, there was significant decline in the Chilean uncooked pasta market, when its value decreased by -18.1% to $X. Over the period under review, consumption, however, posted a buoyant expansion. Uncooked pasta consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Uncooked Pasta Production in Chile

In value terms, uncooked pasta production declined modestly to $X in 2021 estimated in export price. Over the period under review, production showed a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by 188% against the previous year. Uncooked pasta production peaked at $X in 2020, and then contracted in the following year.

Uncooked Pasta Exports

Exports from Chile

In 2021, overseas shipments of uncooked pasta decreased by -28.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 28% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, uncooked pasta exports reduced notably to $X in 2021. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 42% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), the United States (X tons) and Paraguay (X tons) were the main destinations of uncooked pasta exports from Chile, with a combined 56% share of total exports. Cuba, Haiti, Bolivia, Guatemala, Costa Rica, Nicaragua, El Salvador, the Dominican Republic, Honduras and Peru lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Cuba (with a CAGR of +228.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for uncooked pasta exports from Chile, comprising 40% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Paraguay, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.6% per year) and Paraguay (-6.1% per year).

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, increasing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Haiti ($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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Chile

After six years of growth, overseas purchases of uncooked pasta decreased by -41.8% to X tons in 2021. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, uncooked pasta imports declined markedly to $X in 2021. Overall, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 20%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

Argentina (X tons), Peru (X tons) and Turkey (X tons) were the main suppliers of uncooked pasta imports to Chile, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +112.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Peru ($X) and Italy ($X) were the largest uncooked pasta suppliers to Chile, with a combined 72% share of total imports. These countries were followed by Turkey, Costa Rica and Uruguay, which together accounted for a further 18%.

In terms of the main suppliers, Turkey, with a CAGR of +103.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The import price peaked at $X per ton in 2013; however, from 2014 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 Costa Rica ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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