Non-Liquid Margarine Price in Chile - 2023

Contents:

1. Non-Liquid Margarine Price in Chile (CIF) - 2023
2. Non-Liquid Margarine Price in Chile (FOB) - 2023
3. Non-Liquid Margarine Imports in Chile
4. Non-Liquid Margarine Exports in Chile

Non-Liquid Margarine Price in Chile (CIF) - 2023

In July 2023, the average non-liquid margarine import price amounted to $1,703 per ton, rising by 8.8% against the previous month. In general, the import price, however, showed a mild contraction. Over the period under review, average import prices hit record highs at $2,172 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Venezuela ($3,310 per ton), while the price for Malaysia ($1,406 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Venezuela (+2.2%), while the prices for the other major suppliers experienced a decline.

Non-Liquid Margarine Price in Chile (FOB) - 2023

In July 2023, the average non-liquid margarine export price amounted to $2,714 per ton, surging by 5.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +3.5%. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 15% month-to-month. The export price peaked at $2,745 per ton in March 2023; afterwards, it flattened through to July 2023.

Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Paraguay ($3,063 per ton), while the average price for exports to Peru amounted to $2,509 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+9.4%).

Non-Liquid Margarine Imports in Chile

Non-liquid margarine imports into Chile expanded markedly to 13K tons in 2022, growing by 5.4% against the previous year. The total import volume increased at an average annual rate of +7.8% 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 appeared the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, non-liquid margarine imports skyrocketed to $24M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Non-Liquid Margarine to Chile in 2022:

1. Brazil (6.9K tons)
2. Argentina (2.3K tons)
3. Colombia (1.7K tons)
4. Italy (1.0K tons)
5. Indonesia (0.2K tons)
6. Malaysia (0.2K tons)

Non-Liquid Margarine Exports in Chile

In 2022, overseas shipments of non-liquid margarine decreased by -13.6% to 515 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 108% against the previous year. As a result, the exports attained the peak of 1.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-liquid margarine exports fell to $1.1M in 2022. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 108%. As a result, the exports attained the peak of $3.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Non-Liquid Margarine from Chile in 2022:

1. Peru (453.6 tons)
2. Paraguay (61.8 tons)

Source: IndexBox Market Intelligence Platform