Chile: Vinegar Market 2024

Vinegar Market Size in Chile

The Chilean vinegar market totaled $X in 2023, surging by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Vinegar consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Vinegar Production in Chile

In value terms, vinegar production rose slightly to $X in 2023 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Vinegar Exports

Exports from Chile

In 2023, exports of vinegar from Chile soared to X tons, growing by X% compared with the previous year. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, vinegar exports soared to $X in 2023. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for vinegar exports from Chile, with a X% share of total exports. Moreover, vinegar exports to Peru exceeded the volume sent to the second major destination, Ecuador (X tons), sevenfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Peru amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Brazil (X% per year).

In value terms, Peru ($X) remains the key foreign market for vinegar exports from Chile, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Brazil, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Peru totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the average vinegar export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, 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 the United States ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar Imports

Imports into Chile

In 2023, the amount of vinegar imported into Chile expanded to X tons, increasing by X% compared with 2022 figures. In general, imports showed modest growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, vinegar imports fell notably to $X in 2023. Overall, imports posted a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Argentina (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of vinegar imports to Chile, with a combined X% share of total imports. The United States, South Korea, Turkey and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Argentina ($X) were the largest vinegar suppliers to Chile, together comprising X% of total imports. Spain, Turkey, South Korea and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average vinegar import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, vinegar import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform