Chile: Ghee Market Overview 2021

Ghee Market Size in Chile

In 2020, the Chilean ghee market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Ghee Production in Chile

In value terms, ghee production fell slightly to $X in 2020 estimated in export prices. In general, the total production indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Ghee Exports

Exports from Chile

In 2020, overseas shipments of ghee increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, ghee exports skyrocketed to $X in 2020. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

The U.S. (X tonnes), Peru (X tonnes) and Panama (X tonnes) were the main destinations of ghee exports from Chile, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) emerged as the key foreign market for ghee exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and Panama (+X% per year).

Export Prices by Country

The average ghee export price stood at $X per tonne in 2020, waning by -X% against the previous year. In general, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the highest prices were recorded for prices to the U.S. ($X per tonne) and Mexico ($X per tonne), while the average price for exports to the Dominican Republic ($X per tonne) and Panama ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced mixed trend patterns.

Ghee Imports

Imports into Chile

After two years of decline, purchases abroad of ghee increased by X% to X tonnes in 2020. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ghee imports skyrocketed to $X in 2020. Over the period under review, imports showed a moderate expansion. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Haiti (X tonnes) and Argentina (X tonnes) were the main suppliers of ghee imports to Chile.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Haiti (+X% per year).

In value terms, Argentina ($X) constituted the largest supplier of ghee to Chile, comprising X% of total imports. The second position in the ranking was occupied by Haiti ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Argentina amounted to +X%.

Import Prices by Country

In 2020, the average ghee import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2019, and then contracted sharply in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Argentina ($X per tonne), while the price for Haiti stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina.

Source: IndexBox Platform