Chile: Market for Nuts (Prepared Or Preserved) 2023

Market Size for Nuts (Prepared Or Preserved) in Chile

In 2021, after two years of growth, there was decline in the Chilean nuts (prepared or preserved) market, when its value decreased by -4.6% to $X. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.9% against 2018 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Nuts (Prepared Or Preserved) in Chile

In value terms, nuts (prepared or preserved) production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. Nuts (prepared or preserved) production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Nuts (Prepared Or Preserved)

Exports from Chile

In 2021, nuts (prepared or preserved) exports from Chile soared to X tons, rising by 18% on the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, nuts (prepared or preserved) exports amounted to $X in 2021. Overall, exports, however, saw a mild setback. The pace of growth appeared the most rapid in 2013 when exports increased by 16%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for nuts (prepared or preserved) exports from Chile, accounting for a 41% share of total exports. Moreover, nuts (prepared or preserved) exports to Argentina exceeded the volume sent to the second major destination, Mexico (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-5.1% per year) and Brazil (+7.4% per year).

In value terms, Argentina ($X) emerged as the key foreign market for nuts (prepared or preserved) exports from Chile, comprising 42% of total exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total exports. It was followed by Mexico, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+6.2% per year) and Mexico (-4.9% per year).

Export Prices by Country

In 2021, the average nuts (prepared or preserved) export price amounted to $X per ton, reducing by -8.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Chile

In 2021, imports of nuts (prepared or preserved) into Chile skyrocketed to X tons, increasing by 175% compared with 2020 figures. Overall, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) imports skyrocketed to $X in 2021. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of nuts (prepared or preserved) to Chile, with a 41% share of total imports. Moreover, nuts (prepared or preserved) imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+48.8% per year) and Argentina (+19.9% per year).

In value terms, the United States ($X) constituted the largest supplier of nuts (prepared or preserved) to Chile, comprising 42% of total imports. The second position in the ranking was held by Brazil ($X), with a 20% share of total imports. It was followed by Argentina, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+47.2% per year) and Argentina (+20.7% per year).

Import Prices by Country

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, surging by 16% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 23%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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