Chile: Yoghurt Market 2024

Yoghurt Market Size in Chile

The Chilean yoghurt market contracted slightly to $X in 2022, therefore, remained relatively stable against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +1.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Yoghurt Production in Chile

In value terms, yoghurt production dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.9% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 57% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Yoghurt Exports

Exports from Chile

In 2022, yoghurt exports from Chile totaled X tons, with an increase of 4.5% compared with the year before. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 223%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, yoghurt exports rose remarkably to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2016 with an increase of 253% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for yoghurt exports from Chile, with a 88% share of total exports. Moreover, yoghurt exports to the United States exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +149.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+3.0% per year) and Paraguay (+50.4% per year).

In value terms, the United States ($X) remains the key foreign market for yoghurt exports from Chile, comprising 94% of total exports. The second position in the ranking was held by Bolivia ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +165.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+19.4% per year) and Paraguay (+59.5% per year).

Export Prices by Country

The average yoghurt export price stood at $X per ton in 2022, picking up by 2.7% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 143% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Chile

Yoghurt imports into Chile totaled X tons in 2022, approximately reflecting the year before. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2020 when imports increased by 85%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, yoghurt imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) constituted the largest yoghurt supplier to Chile, accounting for a 83% share of total imports. Moreover, yoghurt imports from Peru exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Colombia (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru amounted to +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+66.3% per year) and Colombia (+20.1% per year).

In value terms, Peru ($X), the United States ($X) and Colombia ($X) appeared to be the largest yoghurt suppliers to Chile, together accounting for 84% of total imports. Germany and China lagged somewhat behind, together comprising a further 16%.

China, with a CAGR of +82.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 yoghurt import price amounted to $X per ton, surging by 21% against the previous year. In general, the import price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 84% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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