Chile: Canned Vegetable Market 2024

Canned Vegetable Market Size in Chile

The Chilean canned vegetable market totaled $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.2% against 2013 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Canned Vegetable Production in Chile

In value terms, canned vegetable production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21%. Canned vegetable production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Canned Vegetable Exports

Exports from Chile

In 2022, overseas shipments of canned vegetables increased by 92% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, canned vegetable exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for canned vegetable exports from Chile, accounting for a 44% share of total exports. Moreover, canned vegetable exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), threefold. Uruguay (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+0.1% per year) and Uruguay (+9.1% per year).

In value terms, the United States ($X), Uruguay ($X) and Japan ($X) were the largest markets for canned vegetable exported from Chile worldwide, together comprising 67% of total exports. Spain, Saudi Arabia, Bulgaria, Australia, Ecuador, Brazil, Colombia and Italy lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Ecuador, with a CAGR of +20.0%, saw the highest rates of growth with regard to 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 canned vegetable export price stood at $X per ton in 2022, which is down by -20.5% against the previous year. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Chile

In 2022, imports of canned vegetables into Chile totaled X tons, rising by 2.3% on the year before. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, canned vegetable imports expanded modestly to $X in 2022. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Peru (X tons) and China (X tons) were the main suppliers of canned vegetable imports to Chile, together comprising 62% of total imports. Argentina, Italy, Paraguay, the United States, the Netherlands, France, Thailand and Mexico lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +96.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned vegetable suppliers to Chile were Spain ($X), Peru ($X) and the United States ($X), with a combined 60% share of total imports. China, Argentina, Italy, France, Thailand, the Netherlands, Paraguay and Mexico lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, France, with a CAGR of +76.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned vegetable import price stood at $X per ton in 2022, with an increase of 2% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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