Report Update: May 1, 2024

Chile - Meat - Market Analysis, Forecast, Size, Trends and Insights

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Meat Price in Chile - 2023

Meat Price in Chile (CIF) - 2022

The average meat import price stood at $4,747 per ton in 2022, picking up by 8.3% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2014 an increase of 12%. As a result, import price attained the peak level of $7,533 per ton. From 2015 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 Argentina ($7,974 per ton), while the price for Germany ($2,355 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 (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Meat Price in Chile (FOB) - 2022

In 2022, the average meat export price amounted to $3,327 per ton, with a decrease of -1.9% against the previous year. Overall, the export price showed a slight slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 9.9% against the previous year. As a result, the export price reached the peak level of $3,852 per ton. From 2015 to 2022, the average export prices remained 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 ($5,974 per ton), while the average price for exports to Russia ($1,986 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 China (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports in Chile

Meat imports into Chile declined markedly to 364K tons in 2022, shrinking by -24.6% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of 482K tons, and then declined rapidly in the following year.

In value terms, meat imports dropped rapidly to $1.7B in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +29.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. As a result, imports attained the peak of $2.1B, and then fell significantly in the following year.

Import of Meat in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	379	460	733	740	25.0%
Brazil	556	501	738	576	1.2%
Argentina	180	190	233	187	1.3%
United States	172	173	182	82.0	-21.9%
Uruguay	15.1	10.4	41.7	49.8	48.9%
Spain	5.0	0.7	15.4	29.1	79.9%
Germany	0.4	9.3	79.4	16.7	246.9%
Others	24.2	24.2	89.8	46.3	24.1%
Total	1,332	1,368	2,113	1,727	9.0%

Top Suppliers of Meat to Chile in 2022:

Brazil (151.1K tons)
Paraguay (140.8K tons)
Argentina (23.5K tons)
United States (12.5K tons)
Spain (11.3K tons)
Germany (7.1K tons)
Uruguay (6.6K tons)

Meat Exports in Chile

In 2022, overseas shipments of meat decreased by -11.1% to 207K tons, falling for the second year in a row after two years of growth. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 25%. As a result, the exports reached the peak of 263K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat exports shrank to $689M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $854M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Meat in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	264	560	406	266	0.3%
South Korea	111	109	146	158	12.5%
Japan	128	117	130	116	-3.2%
Colombia	6.0	5.6	26.1	36.4	82.4%
United States	8.7	12.0	20.7	24.9	42.0%
Costa Rica	14.5	3.8	10.6	15.4	2.0%
Peru	6.1	4.2	7.2	8.8	13.0%
Mexico	0.4	0.3	0.9	7.8	169.2%
Russia	42.0	2.2	3.5	0.8	-73.3%
Others	51.5	38.7	36.9	54.5	1.9%
Total	632	854	789	689	2.9%

Top Export Markets for Meat from Chile in 2022:

China (99.3K tons)
South Korea (33.6K tons)
Japan (29.8K tons)
Colombia (15.6K tons)
Costa Rica (5.3K tons)
United States (4.2K tons)
Peru (3.5K tons)
Mexico (3.5K tons)
Russia (0.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the meat 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:

FCL 1108 - Meat of asses
FCL 947 - Buffalo meat
FCL 1127 - Meat of camels
FCL 867 - Meat of cattle
FCL 870 - Meat of cattle, boneless
FCL 1017 - Goat meat
FCL 1097 - Horse meat
FCL 1111 - Meat of mules
FCL 1158 - Meat of other domestic camelids
FCL 1151 - Meat of other domestic rodents
FCL 1035 - Pig meat
FCL 1141 - Rabbit meat
FCL 977 - Meat of sheep

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023