Price for Flour and Meal; of Potatoes in Chile - 2023

Price for Flour and Meal; of Potatoes in Chile (CIF) - 2023

The average import price for flour and meal; of potatoeses stood at $2,924 per ton in May 2023, with an increase of 9% against the previous month. Overall, the import price recorded a prominent expansion. The pace of growth was the most pronounced in March 2023 an increase of 40% against the previous month. The import price peaked in May 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,961 per ton), while the price for Taiwan (Chinese) totaled $1,113 per ton.

From July 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the United States (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Chile (FOB) - 2022

The average export price for flour and meal; of potatoeses stood at $3,089 per ton in 2022, waning by -4% against the previous year. In general, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $6,667 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($3,259 per ton), while the average price for exports to Colombia stood at $1,929 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Flour and Meal; of Potatoes in Chile

In 2022, the amount of flour and meal; of potatoeses imported into Chile surged to 5.1K tons, increasing by 255% against the previous year's figure. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,935% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, flour and meal; of potatoes imports surged to $7.1M in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 1,889%. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Flour and Meal; of Potatoes in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	20.8	20.2	346	4,526	501.5%
Germany	N/A	0.2	532	2,389	10829.3%
Peru	N/A	14.3	1.9	83.1	141.1%
Belgium	0.9	N/A	793	N/A	2868.4%
Others	22.9	50.3	18.4	139	82.4%
Total	44.6	85.1	1,692	7,137	442.9%

Top Suppliers of Flour and Meal; of Potatoes to Chile in 2022:

Netherlands (3.2K tons)
Germany (1.7K tons)
Peru (0.1K tons)

Exports of Flour and Meal; of Potatoes in Chile

In 2022, after three years of growth, there was significant decline in shipments abroad of flour and meal; of potatoeses, when their volume decreased by -81.9% to 3.4 tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 10,770% against the previous year.

In value terms, flour and meal; of potatoes exports shrank remarkably to $10K in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 8,552% against the previous year.