Price for Food Preparations Not Elsewhere Specified or Included in Chile - 2024
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Chile (CIF) - 2024
- Price for Food Preparations Not Elsewhere Specified or Included in Chile (FOB) - 2024
- Imports of Food Preparations Not Elsewhere Specified or Included in Chile
- Exports of Food Preparations Not Elsewhere Specified or Included in Chile
Price for Food Preparations Not Elsewhere Specified or Included in Chile (CIF) - 2024
The average import price for food preparations not elsewhere specified or included stood at $2,611 per ton in January 2024, surging by 48% against the previous month. Overall, the import price, however, showed a noticeable slump. The pace of growth was the most pronounced in March 2023 when the average import price increased by 185% against the previous month. The import price peaked at $6,828 per ton in August 2023; however, from September 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,521 per ton), while the price for Brazil ($1,039 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Food Preparations Not Elsewhere Specified or Included in Chile (FOB) - 2024
The average export price for food preparations not elsewhere specified or included stood at $8,352 per ton in January 2024, shrinking by -4.7% against the previous month. In general, the export price saw a deep downturn. As a result, the export price reached the peak level of $9,797 per ton. From November 2023 to January 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ecuador ($22,133 per ton), while the average price for exports to Honduras ($5,930 per ton) was amongst the lowest.
From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Chile
After three years of growth, supplies from abroad of food preparations not elsewhere specified or included decreased by -16.3% to 149K tons in 2022. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year.
In value terms, imports of food preparations not elsewhere specified or included reached $398M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Food Preparations Not Elsewhere Specified or Included in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 66.0 | 75.6 | 116 | 111 | 18.9% |
| United States | 62.7 | 60.7 | 79.4 | 80.3 | 8.6% |
| China | 10.8 | 18.0 | 19.4 | 24.1 | 30.7% |
| Germany | 10.2 | 11.7 | 17.7 | 18.9 | 22.8% |
| Argentina | 12.4 | 12.5 | 12.2 | 16.5 | 10.0% |
| Italy | 9.4 | 9.1 | 14.3 | 11.6 | 7.3% |
| Belgium | 8.0 | 7.5 | 9.9 | 5.8 | -10.2% |
| Others | 117 | 88.3 | 120 | 130 | 3.6% |
| Total | 296 | 283 | 389 | 398 | 10.4% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Chile in 2022:
- Brazil (104.2K tons)
- United States (7.7K tons)
- Argentina (6.9K tons)
- China (5.9K tons)
- Italy (4.7K tons)
- Germany (3.4K tons)
- Belgium (1.7K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Chile
In 2022, after two years of decline, there was growth in shipments abroad of food preparations not elsewhere specified or included, when their volume increased by 1.4% to 15K tons. Overall, exports, however, saw a deep downturn.
In value terms, exports of food preparations not elsewhere specified or included reduced modestly to $138M in 2022. In general, exports, however, saw a deep downturn.
| Export of Food Preparations Not Elsewhere Specified or Included in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 58.4 | 59.6 | 66.1 | 62.9 | 2.5% |
| Paraguay | 10.9 | 12.3 | 10.2 | 12.1 | 3.5% |
| Argentina | 9.2 | 8.1 | 9.3 | 11.8 | 8.7% |
| United States | 8.8 | 9.3 | 6.8 | 7.0 | -7.3% |
| Peru | 76.6 | 44.9 | 11.4 | 6.9 | -55.2% |
| Bolivia | 10.2 | 17.7 | 7.4 | 6.4 | -14.4% |
| Panama | 5.2 | 5.0 | 2.8 | 3.6 | -11.5% |
| Costa Rica | 3.3 | 3.3 | 3.6 | 3.2 | -1.0% |
| Honduras | 3.3 | 3.2 | 2.7 | 2.9 | -4.2% |
| Colombia | 4.4 | 5.0 | 2.5 | 2.5 | -17.2% |
| Nicaragua | 0.8 | 1.1 | 1.2 | 1.8 | 31.0% |
| Dominican Republic | 0.7 | 1.1 | 0.9 | 1.8 | 37.0% |
| Latvia | 1.2 | 1.7 | 2.0 | 0.3 | -37.0% |
| Others | 30.8 | 11.1 | 13.2 | 14.6 | -22.0% |
| Total | 224 | 183 | 140 | 138 | -14.9% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Chile in 2022:
- Ecuador (3.1K tons)
- Paraguay (2.6K tons)
- Argentina (2.5K tons)
- Peru (0.9K tons)
- Bolivia (0.9K tons)
- Honduras (0.6K tons)
- Colombia (0.6K tons)
- Panama (0.6K tons)
- Costa Rica (0.6K tons)
- United States (0.5K tons)
- Dominican Republic (0.4K tons)
- Nicaragua (0.3K tons)
- Latvia (0.1K tons)
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