
Chile - Quinoa - Market Analysis, Forecast, Size, Trends and Insights
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Chile: Quinoa Market Overview 2021
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Quinoa Market Size in Chile
The Chilean quinoa market soared to $X in 2019, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed significant growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Quinoa consumption peaked in 2019 and is likely to see gradual growth in the immediate term.
Quinoa Exports
Exports from Chile
In 2019, after four years of growth, there was significant decline in shipments abroad of quinoa, when their volume decreased by -X% to X tonnes. In general, exports showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes, and then dropped dramatically in the following year.
In value terms, quinoa exports shrank sharply to $X in 2019. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, exports reached the peak of $X, and then contracted sharply in the following year.
Exports by Country
The Netherlands (X tonnes) was the main destination for quinoa exports from Chile, accounting for a X% share of total exports. Moreover, quinoa exports to the Netherlands exceeded the volume sent to the second major destination, Canada (X tonnes), tenfold.
From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and New Zealand (-X% per year).
In value terms, the Netherlands ($X) emerged as the key foreign market for quinoa exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.
From 2012 to 2019, the average annual growth rate of value to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and New Zealand (-X% per year).
Export Prices by Country
In 2019, the average quinoa export price amounted to $X per tonne, remaining stable against the previous year. Over the last seven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2019, the country with the highest price was Canada ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.
From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.
Quinoa Imports
Imports into Chile
For the fourth year in a row, Chile recorded growth in supplies from abroad of quinoa, which increased by X% to X tonnes in 2019. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.
In value terms, quinoa imports skyrocketed to $X in 2019. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.
Imports by Country
In 2019, Peru (X tonnes) was the main supplier of quinoa to Chile, accounting for a X% share of total imports. It was followed by Bolivia (X tonnes), with a X% share of total imports.
From 2012 to 2019, the average annual rate of growth in terms of volume from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (-X% per year) and Belgium (+X% per year).
In value terms, Peru ($X) constituted the largest supplier of quinoa to Chile, comprising X% of total imports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total imports.
From 2012 to 2019, the average annual rate of growth in terms of value from Peru amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (-X% per year) and Belgium (+X% per year).
Import Prices by Country
The average quinoa import price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.
Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Bolivia ($X per tonne), while the price for Peru ($X per tonne) was amongst the lowest.
From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Peru, 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 quinoa in the world?+
The countries with the highest volumes of quinoa consumption in 2019 were Peru (41K tonnes), Bolivia (37K tonnes) and the U.S. (28K tonnes), together comprising 67% of global consumption. These countries were followed by France, Canada, Germany and the UK, which together accounted for a further 14%.
What are the largest producers of quinoa in the world?+
The countries with the highest volumes of quinoa production in 2019 were Peru (90K tonnes), Bolivia (67K tonnes) and Ecuador (4.5K tonnes), together comprising 99% of global production.
What are the leading suppliers of quinoa to Chile?+
In value terms, Peru ($3.9M) constituted the largest supplier of quinoa to Chile, comprising 92% of total imports. The second position in the ranking was occupied by Bolivia ($156K), with a 3.7% share of total imports.
What are the leading importers of quinoa from Chile?+
In value terms, the Netherlands ($93K) emerged as the key foreign market for quinoa exports from Chile, comprising 82% of total exports. The second position in the ranking was occupied by Canada ($10K), with a 9.2% share of total exports.
What is the average export price for quinoa in Chile?+
The average quinoa export price stood at $3,974 per tonne in 2019, approximately equating the previous year.
What is the average import price for quinoa in Chile?+
In 2019, the average quinoa import price amounted to $2,407 per tonne, increasing by 19% against the previous year.
This report provides an in-depth analysis of the quinoa 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.
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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