Chile: Rye Market Overview 2021

Rye Market Size in Chile

In 2019, the Chilean rye market was finally on the rise to reach $X for the first time since 2015, thus ending a three-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Rye Production in Chile

In value terms, rye production contracted to $X in 2019 estimated in export prices. In general, production continues to indicate a slight decline. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

The average yield of rye in Chile amounted to X tonnes per ha in 2019, therefore, remained relatively stable against the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% year-to-year. Over the period under review, the average rye yield hit record highs at X tonnes per ha in 2009; however, from 2010 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of rye were harvested in Chile; falling by -X% compared with 2018 figures. Overall, the harvested area showed a perceptible shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The rye harvested area peaked at X ha in 2011; however, from 2012 to 2019, the harvested area failed to regain the momentum.

Rye Exports

Exports from Chile

Rye exports from Chile shrank markedly to X kg in 2019, with a decrease of -X% against the previous year's figure. In general, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2011 to 2019, the growth exports remained at a lower figure.

In value terms, rye exports dropped dramatically to $X in 2019. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2011 to 2019, the growth exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for rye exports from Chile, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to the U.S. was relatively modest.

From 2007 to 2018, the average annual growth rate of value to the U.S. was relatively modest.

Export Prices by Country

The average rye export price stood at $X per tonne in 2018, remaining relatively unchanged against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked in 2018 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2018, the rate of growth in terms of prices for the U.S. amounted to X% per year.

Rye Imports

Imports into Chile

In 2019, overseas purchases of rye decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2018, and then shrank significantly in the following year.

In value terms, rye imports fell significantly to $X in 2019. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018, and then fell remarkably in the following year.

Imports by Country

In 2019, Argentina (X tonnes) was the main supplier of rye to Chile, accounting for a X% share of total imports. It was followed by Germany (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Argentina amounted to +X%.

In value terms, Argentina ($X) constituted the largest supplier of rye to Chile, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Argentina stood at +X%.

Import Prices by Country

The average rye import price stood at $X per tonne in 2019, reducing by -X% against the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for Argentina totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rye in the world?

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The countries with the highest volumes of rye consumption in 2019 were Germany (2.4M tonnes), Russia (1.7M tonnes) and Poland (1.6M tonnes), together accounting for 52% of global consumption. China, Denmark, the U.S., Spain, Belarus, Ukraine, Turkey and Austria lagged somewhat behind, together comprising a further 36%.

What are the largest producers of rye in the world?

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The countries with the highest volumes of rye production in 2019 were Germany (2.2M tonnes), Poland (2.1M tonnes) and Russia (1.8M tonnes), with a combined 54% share of global production. China, Denmark, Belarus, Spain, Ukraine, Turkey, Canada, Latvia, the U.S. and Austria lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of rye to Chile?

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In value terms, Argentina ($87K) constituted the largest supplier of rye to Chile, comprising 95% of total imports. The second position in the ranking was occupied by Germany ($4.2K), with a 4.6% share of total imports.

What is the average export price for rye in Chile?

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In 2018, the average rye export price amounted to $273 per tonne, therefore, remained relatively stable against the previous year.

What is the average import price for rye in Chile?

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In 2019, the average rye import price amounted to $226 per tonne, dropping by -21.7% against the previous year.