Chile - Food Preparations For Infants - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaby Food Price in Chile - 2023
Contents:
- Baby Food Price in Chile (FOB) - 2023
- Baby Food Price in Chile (CIF) - 2023
- Baby Food Exports in Chile
- Baby Food Imports in Chile
Baby Food Price in Chile (FOB) - 2023
The average baby food export price stood at $4,778 per ton in July 2023, waning by -11.2% against the previous month. Over the period from September 2022 to July 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in May 2023 an increase of 25% month-to-month. As a result, the export price attained the peak level of $5,425 per ton. From June 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($6,875 per ton), while the average price for exports to Jamaica ($3,645 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Baby Food Price in Chile (CIF) - 2023
The average baby food import price stood at $6,946 per ton in July 2023, declining by -11% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 57% month-to-month. As a result, import price reached the peak level of $10,023 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Ireland ($8,850 per ton), while the price for Brazil ($6,356 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (+11.8%), while the prices for the other major suppliers experienced a decline.
Baby Food Exports in Chile
In 2022, shipments abroad of food preparations for infants decreased by -5% to 14K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of 18K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, baby food exports amounted to $50M in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.6%. As a result, the exports attained the peak of $54M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Baby Food in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.9 | 3.6 | 2.5 | 6.5 | 93.3% |
| Colombia | 4.4 | 4.2 | 2.9 | 5.2 | 5.7% |
| Guatemala | 3.5 | 3.1 | 2.1 | 5.0 | 12.6% |
| Honduras | 3.7 | 2.8 | 1.5 | 4.5 | 6.7% |
| United States | 2.3 | 2.4 | 1.6 | 4.5 | 25.1% |
| Nicaragua | 3.6 | 2.7 | 1.6 | 4.4 | 6.9% |
| Jamaica | 1.4 | 1.5 | 1.3 | 2.6 | 22.9% |
| Panama | 2.0 | 1.9 | 1.3 | 2.2 | 3.2% |
| Dominican Republic | 1.0 | 1.2 | 0.9 | 2.2 | 30.1% |
| El Salvador | 2.0 | 1.2 | 0.7 | 1.9 | -1.7% |
| Ecuador | 1.2 | 1.4 | 1.0 | 1.9 | 16.6% |
| Trinidad and Tobago | 1.6 | 1.7 | 1.3 | 1.8 | 4.0% |
| Guyana | 0.7 | 0.6 | 0.4 | 1.2 | 19.7% |
| Others | 22.5 | 26.1 | 27.9 | 6.3 | -34.6% |
| Total | 51.0 | 54.4 | 47.2 | 50.2 | -0.5% |
Top Export Markets for Baby Food from Chile in 2022:
- Colombia (1624.3 tons)
- Guatemala (1388.3 tons)
- Honduras (1329.5 tons)
- United States (1320.9 tons)
- Nicaragua (1231.6 tons)
- Canada (1166.4 tons)
- Jamaica (764.0 tons)
- Dominican Republic (641.7 tons)
- Panama (640.2 tons)
- Trinidad and Tobago (575.6 tons)
- Ecuador (573.4 tons)
- El Salvador (532.4 tons)
- Guyana (438.9 tons)
Baby Food Imports in Chile
In 2022, approx. 3.9K tons of food preparations for infants were imported into Chile; with an increase of 13% compared with 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, baby food imports surged to $27M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Baby Food in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 10.4 | 8.2 | 12.8 | 20.9 | 26.2% |
| Ireland | 6.6 | 5.8 | 5.8 | 5.0 | -8.8% |
| Canada | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Others | 3.0 | 1.4 | 1.6 | 0.9 | -33.1% |
| Total | 20.3 | 15.4 | 20.2 | 26.8 | 9.7% |
Top Suppliers of Baby Food to Chile in 2022:
- Mexico (3.2K tons)
- Ireland (0.6K tons)
This report provides an in-depth analysis of the baby food market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)
Country coverage:
- Chile
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Chile
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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