Chile: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Chile

The Chilean cocoa powder with sugar market shrank slightly to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Chile

In value terms, cocoa powder with sugar production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Chile

In 2022, overseas shipments of cocoa powder (containing added sugar) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports surged to $X in 2022. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for cocoa powder with sugar exports from Chile, accounting for a X% share of total exports. Moreover, cocoa powder with sugar exports to Ecuador exceeded the volume sent to the second major destination, Uruguay (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at X%.

In value terms, the largest markets for cocoa powder with sugar exported from Chile were Ecuador ($X) and Uruguay ($X).

Uruguay, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Ecuador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Chile

In 2022, approx. X tons of cocoa powder (containing added sugar) were imported into Chile; waning by X% compared with 2021. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar imports shrank to $X in 2022. Overall, imports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Peru (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of cocoa powder with sugar imports to Chile, with a combined X% share of total imports. The United States, Italy, Brazil, Costa Rica, the Netherlands, Spain, Colombia, Canada, Poland and Panama lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Chile, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average cocoa powder with sugar import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Poland ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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