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Chile - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Chile: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Chile

The Chilean virgin olive oil market surged to $X in 2019, picking up by X% against the previous year. In general, consumption continues to indicate a strong increase. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Virgin olive oil consumption peaked in 2019 and is expected to retain growth in the immediate term.

Virgin Olive Oil Production in Chile

In value terms, virgin olive oil production stood at $X in 2019 estimated in export prices. Over the period under review, production saw resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. Virgin olive oil production peaked in 2019 and is expected to retain growth in the immediate term.

Virgin Olive Oil Exports

Exports from Chile

After two years of growth, overseas shipments of virgin olive oil decreased by -X% to X tonnes in 2019. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Exports peaked at X tonnes in 2018, and then shrank significantly in the following year.

In value terms, virgin olive oil exports fell dramatically to $X in 2019. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2018, and then fell rapidly in the following year.

Exports by Country

Brazil (X tonnes), the U.S. (X tonnes) and Canada (X tonnes) were the main destinations of virgin olive oil exports from Chile, with a combined X% share of total exports. China and Spain lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the U.S. ($X) and Canada ($X) were the largest markets for virgin olive oil exported from Chile worldwide, with a combined X% share of total exports. China and Spain lagged somewhat behind, together accounting for a further X terms of the main countries of destination, China (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average virgin olive oil export price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Brazil, while the prices for the other major destinations experienced a decline.

Virgin Olive Oil Imports

Imports into Chile

In 2019, purchases abroad of virgin olive oil increased by X% to X tonnes, rising for the fourth consecutive year after five years of decline. In general, imports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are likely to see gradual growth in years to come.

In value terms, virgin olive oil imports expanded markedly to $X in 2019. Over the period under review, imports enjoyed a slight expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in the near future.

Imports by Country

In 2019, Portugal (X tonnes) constituted the largest virgin olive oil supplier to Chile, accounting for a X% share of total imports. Moreover, virgin olive oil imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), threefold. Peru (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Portugal stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Peru (+X% per year).

In value terms, Portugal ($X) constituted the largest supplier of virgin olive oil to Chile, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Portugal amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (-X% per year).

Import Prices by Country

In 2019, the average virgin olive oil import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price showed a mild curtailment. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Peru ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?
+
The country with the largest volume of virgin olive oil consumption was Spain (1.1M tonnes), accounting for 31% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (542K tonnes), twofold. The third position in this ranking was occupied by the U.S. (266K tonnes), with a 7.2% share.
What are the largest producers of virgin olive oil in the world?
+
Spain (1.9M tonnes) constituted the country with the largest volume of virgin olive oil production, comprising approx. 51% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Greece (329K tonnes), sixfold. Tunisia (287K tonnes) ranked third in terms of total production with a 7.8% share.
What are the leading suppliers of virgin olive oil to Chile?
+
In value terms, Portugal ($2.8M) constituted the largest supplier of virgin olive oil to Chile, comprising 55% of total imports. The second position in the ranking was occupied by Spain ($1.1M), with a 21% share of total imports. It was followed by Italy, with a 10% share.
What are the leading importers of virgin olive oil from Chile?
+
In value terms, Brazil ($28M), the U.S. ($17M) and Canada ($1.5M) constituted the largest markets for virgin olive oil exported from Chile worldwide, with a combined 92% share of total exports. These countries were followed by China and Spain, which together accounted for a further 2.9%.
What is the average export price for virgin olive oil in Chile?
+
In 2019, the average virgin olive oil export price amounted to $4,756 per tonne, which is down by -2.2% against the previous year.
What is the average import price for virgin olive oil in Chile?
+
The average virgin olive oil import price stood at $3,427 per tonne in 2019, declining by -6.5% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive 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 2025.


Country coverage:
• Chile

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Chile
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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