Starches; Inulin Price in Chile - 2023
Contents:
- Starches; Inulin Price in Chile (FOB) - 2023
- Starches; Inulin Price in Chile (CIF) - 2022
- Starches; Inulin Exports in Chile
- Starches; Inulin Imports in Chile
Starches; Inulin Price in Chile (FOB) - 2023
In September 2023, the average starches; inulin export price amounted to $3,733 per ton, which is down by -4.1% against the previous month. In general, export price indicated a perceptible expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, starches; inulin export price increased by +52.9% against March 2023 indices. The growth pace was the most rapid in October 2022 when the average export price increased by 39% against the previous month. Over the period under review, the average export prices reached the maximum at $3,893 per ton in August 2023, and then dropped slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,169 per ton), while the average price for exports to China ($2,637 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Chile (CIF) - 2022
The average starches; inulin import price stood at $603 per ton in 2022, picking up by 21% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The import price peaked at $720 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Belgium ($1,696 per ton), while the price for Argentina ($498 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Chile
In 2022, overseas shipments of starches; inulins decreased by -11.9% to 24K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12%.
In value terms, starches; inulin exports dropped sharply to $48M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $57M, and then contracted significantly in the following year.
| Export of Starches; Inulin in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.4 | 11.8 | 19.7 | 15.1 | 6.8% |
| Mexico | 12.2 | 11.6 | 13.5 | 8.8 | -10.3% |
| China | 2.9 | 3.7 | 4.4 | 5.9 | 26.7% |
| Indonesia | 0.4 | 1.3 | 1.7 | 3.1 | 97.9% |
| Brazil | 1.9 | 2.2 | 2.8 | 3.0 | 16.4% |
| Canada | 1.8 | 2.0 | 2.8 | 2.3 | 8.5% |
| Thailand | 1.7 | 1.8 | 2.2 | 1.8 | 1.9% |
| Vietnam | 1.8 | 2.4 | 2.7 | 1.6 | -3.9% |
| Argentina | 1.0 | 1.1 | 1.7 | 1.3 | 9.1% |
| Philippines | 1.1 | 2.6 | 2.4 | 1.1 | 0.0% |
| Belgium | 0.7 | 3.5 | 0.5 | 1.1 | 16.3% |
| Others | 2.0 | 1.7 | 2.7 | 3.1 | 15.7% |
| Total | 39.8 | 45.4 | 57.1 | 48.3 | 6.7% |
Top Export Markets for Starches; Inulin from Chile in 2022:
- United States (7.9K tons)
- Mexico (4.4K tons)
- China (2.5K tons)
- Brazil (1.5K tons)
- Indonesia (1.5K tons)
- Canada (1.1K tons)
- Thailand (0.9K tons)
- Vietnam (0.8K tons)
- Argentina (0.8K tons)
- Belgium (0.7K tons)
- Philippines (0.6K tons)
Starches; Inulin Imports in Chile
In 2022, supplies from abroad of starches; inulins decreased by -9.2% to 55K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 18%.
In value terms, starches; inulin imports stood at $33M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +56.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Starches; Inulin in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 12.9 | 14.2 | 18.7 | 22.3 | 20.0% |
| Belgium | 0.1 | 0.1 | 0.9 | 3.3 | 220.8% |
| Paraguay | 2.5 | 4.4 | 6.6 | 2.9 | 5.1% |
| Netherlands | 2.7 | 0.7 | 0.7 | 0.9 | -30.7% |
| Vietnam | 1.0 | 1.2 | N/A | 0.9 | -3.5% |
| Brazil | 0.1 | 0.1 | 0.7 | 0.7 | 91.3% |
| Others | 1.8 | 2.2 | 2.4 | 2.1 | 5.3% |
| Total | 21.2 | 23.0 | 30.1 | 33.0 | 15.9% |
Top Suppliers of Starches; Inulin to Chile in 2022:
- Argentina (44.7K tons)
- Paraguay (3.6K tons)
- Belgium (1.9K tons)
- Vietnam (1.2K tons)
- Brazil (0.8K tons)
- Netherlands (0.8K tons)
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