Chile: Chili And Pepper Market 2024

Chili And Pepper Market Size in Chile

The Chilean chili and pepper market shrank to $X in 2023, which is down by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Chili And Pepper Production in Chile

In value terms, chili and pepper production declined dramatically to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Chili and pepper production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

The average yield of chilies and peppers (green) in Chile reached X tons per ha in 2023, almost unchanged from 2022 figures. The yield figure increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the yield increased by X%. The chili and pepper yield peaked at X tons per ha in 2015; however, from 2016 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chili and pepper harvested area in Chile totaled X ha in 2023, growing by X% against the previous year. Overall, the harvested area, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The chili and pepper harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Chili And Pepper Exports

Exports from Chile

After four years of decline, overseas shipments of chilies and peppers (green) decreased by X% to X kg in 2023. In general, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, chili and pepper exports rose remarkably to $X in 2023. Over the period under review, exports saw a sharp curtailment. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for chili and pepper exports from Chile, accounting for a X% share of total exports. Moreover, chili and pepper exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to the UK amounted to X%.

In value terms, the UK ($X) remains the key foreign market for chilies and peppers (green) exports from Chile, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK amounted to X%.

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK stood at $X per ton.

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

Chili And Pepper Imports

Imports into Chile

In 2023, approx. X tons of chilies and peppers (green) were imported into Chile; surging by X% on the year before. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in years to come.

In value terms, chili and pepper imports surged to $X in 2023. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of chili and pepper to Chile, with a X% share of total imports. Moreover, chili and pepper imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of chilies and peppers (green) to Chile, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform