Report Update: May 1, 2024

Chile - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights

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Soups Price in Chile - 2023

Soups Price in Chile (CIF) - 2022

The average soups import price stood at $3,310 per ton in 2022, surging by 11% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,850 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($6,106 per ton), while the price for Spain ($1,418 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Soups Price in Chile (FOB) - 2023

In July 2023, the average soups export price amounted to $5,067 per ton, surging by 4.4% against the previous month. In general, the export price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 327% against the previous month. As a result, the export price attained the peak level of $12,047 per ton. From October 2022 to July 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($6,586 per ton), while the average price for exports to Uruguay ($3,710 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 (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Soups Imports in Chile

In 2022, after three years of growth, there was significant decline in purchases abroad of soups and broths, when their volume decreased by -25.9% to 2.6K tons. Overall, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of 3.5K tons, and then contracted rapidly in the following year.

In value terms, soups imports contracted remarkably to $8.5M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 15%.

Import of Soups in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.3	6.9	6.1	4.5	-10.6%
Peru	0.3	1.0	1.7	1.8	81.7%
Brazil	N/A	0.2	0.5	0.6	73.2%
Spain	0.3	0.2	0.4	0.5	18.6%
South Korea	0.2	0.2	0.6	0.4	26.0%
China	0.4	0.3	0.5	0.2	-20.6%
Poland	N/A	0.1	N/A	0.1	0.0%
Others	0.4	0.2	0.5	0.5	7.7%
Total	7.9	9.1	10.3	8.5	2.5%

Top Suppliers of Soups to Chile in 2022:

United States (984.0 tons)
Peru (849.4 tons)
Spain (320.1 tons)
Brazil (93.6 tons)
South Korea (92.1 tons)
China (90.1 tons)
Poland (43.5 tons)

Soups Exports in Chile

Soups exports from Chile surged to 388 tons in 2022, rising by 20% against 2021. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, soups exports stood at $1.4M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Soups in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	447	392	647	569	8.4%
Bolivia	112	215	290	256	31.7%
Mexico	157	587	39.1	235	14.4%
Venezuela	N/A	45.6	155	165	90.2%
Ecuador	21.8	53.0	45.6	58.2	38.7%
Colombia	33.9	32.6	26.4	49.7	13.6%
Others	67.4	31.0	30.6	54.2	-7.0%
Total	838	1,356	1,234	1,387	18.3%

Top Export Markets for Soups from Chile in 2022:

Peru (188.6 tons)
Bolivia (83.4 tons)
Venezuela (33.5 tons)
Mexico (33.3 tons)
Colombia (31.3 tons)
Ecuador (7.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor

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