Chile: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Chile

In 2022, after six years of growth, there was decline in the Chilean temporarily preserved vegetable market, when its value decreased by -4.4% to $X. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.5% 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 +125.9% against 2012 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Temporarily Preserved Vegetable Production in Chile

In value terms, temporarily preserved vegetable production contracted to $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Temporarily preserved vegetable production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Temporarily Preserved Vegetable Exports

Exports from Chile

In 2022, exports of vegetables (temporarily preserved) from Chile contracted significantly to X tons, which is down by -83.8% on 2021 figures. Over the period under review, exports showed a significant decline. The pace of growth was the most pronounced in 2018 when exports increased by 136% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable exports dropped remarkably to $X in 2022. Overall, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 220%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Italy (X tons) and Spain (X tons) were the main destinations of temporarily preserved vegetable exports from Chile, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +0.9%), while shipments for the other leaders experienced a decline.

In value terms, France ($X), Spain ($X) and Italy ($X) appeared to be the largest markets for temporarily preserved vegetable exported from Chile worldwide, together accounting for 99% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +5.7%, 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 a decline.

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, surging by 28% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Peru ($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 the United States (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Chile

After five years of growth, overseas purchases of vegetables (temporarily preserved) decreased by -16% to X tons in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 26%. Imports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, temporarily preserved vegetable imports fell to $X in 2022. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of temporarily preserved vegetable to Chile, accounting for a 81% share of total imports. Moreover, temporarily preserved vegetable imports from Peru exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.1% per year) and Argentina (-2.2% per year).

In value terms, Peru ($X) constituted the largest supplier of vegetables (temporarily preserved) to Chile, comprising 69% of total imports. The second position in the ranking was held by India ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.5% per year) and Argentina (-0.1% per year).

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, growing by 8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2013 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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