Chile: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Chile

For the third year in a row, the Chilean rapeseed oil market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, posted a remarkable increase. Rapeseed oil consumption peaked in 2022 and is expected to retain growth in years to come.

Rapeseed Oil Production in Chile

In value terms, rapeseed oil production dropped to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Rapeseed oil production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Rapeseed Oil Exports

Exports from Chile

In 2022, the amount of rapeseed oil exported from Chile soared to X tons, picking up by X% compared with 2021 figures. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, rapeseed oil exports surged to $X in 2022. In general, exports, however, continue to indicate a deep reduction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for rapeseed oil exports from Chile, accounting for a X% share of total exports. Moreover, rapeseed oil exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Peru (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for rapeseed oil exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Peru (X% per year).

Export Prices by Country

The average rapeseed oil export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Peru ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into Chile

In 2022, the amount of rapeseed oil imported into Chile declined to X tons, which is down by X% compared with 2021. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, rapeseed oil imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X tons) constituted the largest rapeseed oil supplier to Chile, with a X% share of total imports. Moreover, rapeseed oil imports from Canada exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Paraguay (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Paraguay (X% per year).

In value terms, Canada ($X) constituted the largest supplier of rapeseed oil to Chile, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Paraguay, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Paraguay (X% per year).

Import Prices by Country

The average rapeseed oil import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price enjoyed moderate growth. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Paraguay ($X per ton) and France ($X per ton), while the price for Uruguay ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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