Chile: Couscous Market 2023

Couscous Market Size in Chile

In 2021, the Chilean couscous market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, showed a mild shrinkage. Couscous consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Couscous Production in Chile

In value terms, couscous production rose sharply to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable curtailment. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Couscous Exports

Exports from Chile

After six years of growth, shipments abroad of couscous decreased by -97% to X kg in 2021. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,323% against the previous year. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, couscous exports contracted significantly to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 488%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Guatemala (X kg) was the main destination for couscous exports from Chile, with a 72% share of total exports. Moreover, couscous exports to Guatemala exceeded the volume sent to the second major destination, the Dominican Republic (X kg), threefold.

From 2015 to 2021, the average annual rate of growth in terms of volume to Guatemala amounted to -17.8%.

In value terms, the largest markets for couscous exported from Chile were Guatemala ($X) and the Dominican Republic ($X).

The Dominican Republic, with a CAGR of +3.1%, saw 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

In 2021, the average couscous export price amounted to $X per ton, rising by 124% against the previous year. Over the period under review, export price indicated measured growth from 2015 to 2021: its price increased at an average annual rate of +2.2% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, couscous export price decreased by -7.7% against 2019 indices. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Guatemala totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+7.5%).

Couscous Imports

Imports into Chile

In 2021, approx. X tons of couscous were imported into Chile; growing by 9.6% against the year before. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 76%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, couscous imports soared to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.8% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 53%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Italy (X tons) was the main couscous supplier to Chile, accounting for a 96% share of total imports. It was followed by Tunisia (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +44.8%.

In value terms, Italy ($X) constituted the largest supplier of couscous to Chile, comprising 91% of total imports. The second position in the ranking was held by Tunisia ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +31.0%.

Import Prices by Country

The average couscous import price stood at $X per ton in 2021, jumping by 20% against the previous year. In general, the import price, however, recorded a deep contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Tunisia ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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