Report Update: May 1, 2024

Chile - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights

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Price for Mixed Condiment, Sause and Seasoning in Chile - 2023

Price for Mixed Condiment, Sause and Seasoning in Chile (CIF) - 2023

The average import price for mixed condiments, sauses and seasonings stood at $3,033 per ton in July 2023, picking up by 1.8% against the previous month. In general, import price indicated modest growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, mixed condiment, sause and seasoning import price decreased by -18.6% against February 2023 indices. The growth pace was the most rapid in February 2023 an increase of 69% m-o-m. Over the period under review, average import prices reached the maximum at $3,909 per ton in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Venezuela ($7,818 per ton), while the price for China ($1,437 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Venezuela (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mixed Condiment, Sause and Seasoning in Chile (FOB) - 2023

In July 2023, the average export price for mixed condiments, sauses and seasonings amounted to $4,725 per ton, shrinking by -3.1% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 48% against the previous month. Over the period under review, the average export prices attained the peak figure at $5,688 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($11,391 per ton), while the average price for exports to Costa Rica ($2,132 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiment, Sause and Seasoning in Chile

After three years of growth, purchases abroad of mixed condiments, sauses and seasonings decreased by -8.8% to 27K tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.9% 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 +43.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year.

In value terms, mixed condiment, sause and seasoning imports declined to $81M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +37.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports reached the peak of $89M, and then reduced in the following year.

Import of Mixed Condiment, Sause and Seasoning in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	39.7	44.4	61.2	51.8	9.3%
Peru	3.7	5.0	9.0	10.4	41.1%
Uruguay	3.1	3.4	2.0	3.0	-1.1%
Mexico	0.5	0.3	3.0	2.5	71.0%
Argentina	5.2	6.5	3.4	2.5	-21.7%
Brazil	1.1	0.9	1.1	1.5	10.9%
China	0.9	0.7	1.6	1.4	15.9%
Others	4.5	4.4	7.6	7.7	19.6%
Total	58.7	65.5	88.9	80.7	11.2%

Top Suppliers of Mixed Condiment, Sause and Seasoning to Chile in 2022:

United States (19.1K tons)
Peru (2.4K tons)
Argentina (1.4K tons)
Mexico (0.8K tons)
China (0.8K tons)
Uruguay (0.5K tons)
Brazil (0.4K tons)

Exports of Mixed Condiment, Sause and Seasoning in Chile

In 2022, the amount of mixed condiments, sauses and seasonings exported from Chile skyrocketed to 1.3K tons, picking up by 20% against 2021 figures. Overall, exports, however, recorded a relatively flat trend pattern.

In value terms, mixed condiment, sause and seasoning exports soared to $4.9M in 2022. In general, exports, however, showed a mild decline.

Export of Mixed Condiment, Sause and Seasoning in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	2,108	2,336	2,464	2,831	10.3%
Bolivia	192	165	224	511	38.6%
Mexico	438	235	136	338	-8.3%
Colombia	486	790	572	306	-14.3%
Germany	1.0	228	181	173	457.2%
Paraguay	19.4	4.3	44.2	140	93.2%
Argentina	165	50.5	209	104	-14.3%
Venezuela	1,055	0.4	N/A	3.8	-84.7%
Others	636	423	328	488	-8.5%
Total	5,100	4,232	4,158	4,894	-1.4%

Top Export Markets for Mixed Condiment, Sause and Seasoning from Chile in 2022:

Peru (755.0 tons)
Bolivia (134.3 tons)
Mexico (79.9 tons)
Colombia (57.8 tons)
Argentina (54.0 tons)
Paraguay (49.0 tons)
Germany (45.3 tons)
Venezuela (1.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning 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 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)

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