Chile: Vegetable Puree Market 2024

Vegetable Puree Market Size in Chile

The Chilean vegetable puree market totaled $X in 2022, surging by 7.9% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Vegetable Puree Production in Chile

In value terms, vegetable puree production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Vegetable Puree Exports

Exports from Chile

In 2022, overseas shipments of vegetable puree decreased by -8.7% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2017 with an increase of 723%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vegetable puree exports declined significantly to $X in 2022. Overall, exports showed a dramatic setback. The pace of growth was the most pronounced in 2017 when exports increased by 482%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X kg) was the main destination for vegetable puree exports from Chile, accounting for a 76% share of total exports. Moreover, vegetable puree exports to Italy exceeded the volume sent to the second major destination, Bolivia (X kg), more than tenfold. The third position in this ranking was taken by Canada (X kg), with a 4.8% share.

From 2014 to 2022, the average annual growth rate of volume to Italy totaled -56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (0.0% per year) and Canada (0.0% per year).

In value terms, Italy ($X) remains the key foreign market for vegetable puree exports from Chile, comprising 67% of total exports. The second position in the ranking was held by Bolivia ($X), with a 6.7% share of total exports. It was followed by Canada, with a 6.7% share.

From 2014 to 2022, the average annual growth rate of value to Italy stood at -67.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-34.6% per year) and Canada (0.0% per year).

Export Prices by Country

The average vegetable puree export price stood at $X per ton in 2022, dropping by -36.8% against the previous year. Overall, the export price saw a sharp contraction. The growth pace was the most rapid in 2019 a decrease of -2.9% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-24.9%), while the prices for the other major destinations experienced a decline.

Vegetable Puree Imports

Imports into Chile

In 2022, supplies from abroad of vegetable puree increased by 362% to X tons, rising for the third consecutive year after two years of decline. In general, imports continue to indicate slight growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable puree imports skyrocketed to $X in 2022. Overall, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), the United States (X tons) and Thailand (X tons) were the main suppliers of vegetable puree imports to Chile, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +15.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable puree suppliers to Chile were the United States ($X), Italy ($X) and Spain ($X), with a combined 95% share of total imports.

Italy, with a CAGR of +20.8%, 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 vegetable puree import price amounted to $X per ton, growing by 2.3% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable puree import price decreased by -14.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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