
Chile - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
Chile: Crude Soybean Oil Market 2023
Crude Soybean Oil Market Size in Chile
The Chilean crude soybean oil market shrank to $X in 2021, waning by -13.3% against the previous year. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.
Crude Soybean Oil Production in Chile
In value terms, crude soybean oil production declined to $X in 2021 estimated in export price. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 232% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.
Crude Soybean Oil Exports
Exports from Chile
Crude soybean oil exports from Chile stood at X tons in 2021, approximately mirroring 2020 figures. In general, exports saw a abrupt decline. The smallest decline of -30.8% was in 2015. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, crude soybean oil exports totaled $X in 2021. Overall, exports continue to indicate a deep contraction. The smallest decline of -35% was in 2015. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Guatemala (X tons) was the main destination for crude soybean oil exports from Chile, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala was relatively modest.
From 2012 to 2021, the average annual rate of growth in terms of value to Guatemala was relatively modest.
Export Prices by Country
In 2021, the average crude soybean oil export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2015 a decrease of -6.1% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2021, the rate of growth in terms of prices for Guatemala amounted to 0.0% per year.
Crude Soybean Oil Imports
Imports into Chile
Crude soybean oil imports into Chile declined remarkably to X tons in 2021, dropping by -60% on the previous year's figure. Overall, imports, however, showed strong growth. The growth pace was the most rapid in 2016 when imports increased by 195,966%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.
In value terms, crude soybean oil imports dropped remarkably to $X in 2021. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 211,964% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.
Imports by Country
Paraguay (X tons), Argentina (X tons) and Bolivia (X tons) were the main suppliers of crude soybean oil imports to Chile, together accounting for 100% of total imports.
From 2012 to 2021, the biggest increases were in Bolivia (with a CAGR of +83.4%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest crude soybean oil suppliers to Chile were Argentina ($X), Paraguay ($X) and Bolivia ($X), together accounting for 99% of total imports.
Bolivia, with a CAGR of +77.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average crude soybean oil import price stood at $X per ton in 2021, picking up by 55% against the previous year. In general, the import price, however, showed a mild reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Argentina ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.3%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the crude soybean oil 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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