Chile: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in Chile

The Chilean yoghurt and fermented milk market dropped to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Yoghurt and Fermented Milk in Chile

In value terms, yoghurt and fermented milk production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Yoghurt and fermented milk production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Yoghurt and Fermented Milk

Exports from Chile

In 2022, the amount of yoghurt and fermented milk exported from Chile soared to X tons, picking up by X% on the previous year's figure. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, yoghurt and fermented milk exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for yoghurt and fermented milk exports from Chile, accounting for a X% share of total exports. Moreover, yoghurt and fermented milk exports to the United States exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for yoghurt and fermented milk exports from Chile, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

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

Export Prices by Country

In 2022, the average yoghurt and fermented milk export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yoghurt and Fermented Milk

Imports into Chile

In 2022, yoghurt and fermented milk imports into Chile skyrocketed to X tons, jumping by X% on the year before. Over the period under review, imports, however, recorded a mild decrease. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, yoghurt and fermented milk imports soared to $X in 2022. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons), Singapore (X tons) and France (X tons) were the main suppliers of yoghurt and fermented milk imports to Chile, with a combined X% share of total imports. The United States, Haiti, Germany and Uruguay lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Singapore ($X) appeared to be the largest yoghurt and fermented milk suppliers to Chile, with a combined X% share of total imports. Peru, Germany, Haiti and Uruguay lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average yoghurt and fermented milk import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :