Price for Homogenised Composite Food Preparations in Chile - 2023
Contents:
- Price for Homogenised Composite Food Preparations in Chile (FOB) - 2023
- Price for Homogenised Composite Food Preparations in Chile (CIF) - 2023
- Exports of Homogenised Composite Food Preparations in Chile
- Imports of Homogenised Composite Food Preparations in Chile
Price for Homogenised Composite Food Preparations in Chile (FOB) - 2023
The average homogenised composite food preparations export price stood at $3,630 per ton in May 2023, almost unchanged from the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 11% m-o-m. Over the period under review, the average export prices hit record highs at $3,821 per ton in March 2023; however, from April 2023 to May 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was the United States ($3,844 per ton), while the average price for exports to the Dominican Republic ($1,892 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Homogenised Composite Food Preparations in Chile (CIF) - 2023
In May 2023, the average homogenised composite food preparations import price amounted to $6,346 per ton, rising by 9.7% against the previous month. Over the period under review, import price indicated a strong increase from May 2022 to May 2023: its price increased at an average monthly rate of +9.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, homogenised composite food preparations import price increased by +83.4% against November 2022 indices. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 79% month-to-month. The import price peaked in May 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,208 per ton), while the price for China ($2,693 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.
Exports of Homogenised Composite Food Preparations in Chile
In 2022, approx. 9.5K tons of homogenised composite food preparationses were exported from Chile; jumping by 23% compared with 2021. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 108%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, homogenised composite food preparations exports soared to $33M in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 116% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Homogenised Composite Food Preparations in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.6 | 19.8 | 19.6 | 23.4 | 52.5% |
| Canada | 4.1 | 4.7 | 3.7 | 7.1 | 20.1% |
| Dominican Republic | 0.2 | 0.5 | 1.6 | 1.1 | 76.5% |
| Indonesia | 1.0 | 0.5 | 0.5 | 0.7 | -11.2% |
| Others | 0.1 | 0.3 | 0.2 | 0.7 | 91.3% |
| Total | 11.9 | 25.8 | 25.5 | 32.9 | 40.4% |
Top Export Markets for Homogenised Composite Food Preparations from Chile in 2022:
- United States (6.3K tons)
- Canada (2.2K tons)
- Dominican Republic (0.6K tons)
- Indonesia (0.2K tons)
Imports of Homogenised Composite Food Preparations in Chile
After three years of growth, purchases abroad of homogenised composite food preparationses decreased by -23.4% to 815 tons in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 161%.
In value terms, homogenised composite food preparations imports soared to $3.9M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 215%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Homogenised Composite Food Preparations in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.1 | 10.9 | 30.2 | 2,691 | 347.1% |
| Poland | 111 | 1,969 | 2,286 | 574 | 72.9% |
| China | 15.0 | 179 | 584 | 233 | 149.5% |
| Spain | 126 | 209 | 31.7 | 103 | -6.5% |
| Thailand | N/A | 0.8 | N/A | 90.5 | 963.6% |
| Germany | 96.9 | 22.5 | 54.8 | 40.2 | -25.4% |
| Egypt | N/A | N/A | 19.7 | 13.6 | -31.0% |
| Mexico | 253 | N/A | 0.1 | N/A | -98.0% |
| Others | 142 | 48.8 | 276 | 106 | -9.3% |
| Total | 775 | 2,441 | 3,282 | 3,852 | 70.7% |
Top Suppliers of Homogenised Composite Food Preparations to Chile in 2022:
- United States (463.5 tons)
- Poland (150.0 tons)
- China (108.8 tons)
- Thailand (39.3 tons)
- Egypt (15.6 tons)
- Germany (13.4 tons)
- Spain (11.1 tons)
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