Chile: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Chile

In 2022, the Chilean breakfast cereal market increased by X% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption showed a prominent increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Breakfast Cereal Production in Chile

In value terms, breakfast cereal production expanded to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Breakfast cereal production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Breakfast Cereal Exports

Exports from Chile

In 2022, breakfast cereal exports from Chile fell to X tons, shrinking by X% against 2021. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, breakfast cereal exports fell slightly to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for breakfast cereal exports from Chile, accounting for a X% share of total exports. Moreover, breakfast cereal exports to Peru exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Colombia (X% per year).

In value terms, the largest markets for breakfast cereal exported from Chile were Peru ($X), Colombia ($X) and Ecuador ($X), with a combined X% share of total exports. China, Argentina, Israel, Bolivia, Mexico, Guatemala, the Dominican Republic, Venezuela and Nicaragua lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breakfast cereal export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to China ($X 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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Chile

After two years of growth, purchases abroad of breakfast cereals decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, breakfast cereal imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Colombia (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of breakfast cereal imports to Chile, with a combined X% share of total imports. Peru, Germany, China, the Netherlands, Spain, Bolivia, Argentina and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of breakfast cereals to Chile, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average breakfast cereal import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Spain ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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