Report Update: Apr 1, 2024

Chile - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights

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Chewing Gum Price in Chile - 2023

Chewing Gum Price in Chile (CIF) - 2022

The average chewing gum import price stood at $5,336 per ton in 2022, dropping by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 an increase of 51% against the previous year. The import price peaked at $5,728 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Argentina ($11,319 per ton), while the price for Colombia ($1,502 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.5%), while the prices for the other major suppliers experienced a decline.

Chewing Gum Price in Chile (FOB) - 2023

In July 2023, the average chewing gum export price amounted to $3,750 per ton, dropping by -3.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 10% against the previous month. As a result, the export price attained the peak level of $3,981 per ton. From May 2023 to July 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From July 2022 to July 2023, the rate of growth in terms of prices for Bolivia amounted to +0.6% per month.

Chewing Gum Imports in Chile

In 2022, imports of chewing gum into Chile soared to 1.3K tons, increasing by 39% compared with the previous year. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 119% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, chewing gum imports skyrocketed to $7.2M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 134%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Chewing Gum in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	1,355	1,204	2,969	3,964	43.0%
China	389	212	732	977	35.9%
Brazil	533	264	638	852	16.9%
Mexico	264	230	291	388	13.7%
Colombia	259	125	187	248	-1.4%
Pakistan	85.1	39.9	142	189	30.5%
Turkey	61.0	32.7	89.8	120	25.3%
Canada	105	52.6	80.1	107	0.6%
Others	204	148	276	342	18.8%
Total	3,255	2,308	5,404	7,187	30.2%

Top Suppliers of Chewing Gum to Chile in 2022:

Argentina (350.2 tons)
Brazil (309.3 tons)
China (260.2 tons)
Colombia (165.3 tons)
Mexico (80.8 tons)
Pakistan (58.3 tons)
Canada (36.1 tons)
Turkey (21.6 tons)

Chewing Gum Exports in Chile

In 2022, approx. 1.1K tons of chewing gum were exported from Chile; rising by 27% compared with the year before. Over the period under review, exports, however, recorded a noticeable slump.

In value terms, chewing gum exports surged to $3.8M in 2022. Overall, exports, however, showed a noticeable reduction.

Export of Chewing Gum in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bolivia	3.7	2.6	2.7	3.7	0.0%
Panama	0.1	N/A	N/A	0.1	0.0%
Others	0.2	0.1	0.1	0.1	-20.6%
Total	4.1	2.8	2.8	3.8	-2.5%

Top Export Markets for Chewing Gum from Chile in 2022:

Bolivia (1060.1 tons)
Panama (24.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chewing gum 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 10822310 - Chewing gum

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023