Chile: Chili And Pepper Market 2024

Chili And Pepper Market Size in Chile

The Chilean chili and pepper market rose to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Chili And Pepper Production in Chile

In value terms, chili and pepper production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Chili and pepper production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of chilies and peppers (green) in Chile fell slightly to X tons per ha in 2022, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 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 X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average chili and pepper 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.

In 2022, approx. X ha of chilies and peppers (green) were harvested in Chile; with a decrease of X% compared with 2021 figures. Over the period under review, the harvested area continues to indicate a mild slump. The pace of growth was the most pronounced in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Chili And Pepper Exports

Exports from Chile

For the fourth year in a row, Chile recorded decline in shipments abroad of chilies and peppers (green), which decreased by X% to X tons in 2022. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chili and pepper exports amounted to $X in 2022. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for chili and pepper exports from Chile, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%.

Export Prices by Country

In 2022, the average chili and pepper export price amounted to $X per ton, remaining stable against the previous year. In general, the export price showed a tangible increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Chili And Pepper Imports

Imports into Chile

In 2022, approx. X tons of chilies and peppers (green) were imported into Chile; with an increase of X% on the previous year's figure. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chili and pepper imports soared to $X in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Peru (X tons) constituted the largest chili and pepper supplier to Chile, accounting for a X% share of total imports. Moreover, chili and pepper imports from Peru exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Peru was relatively modest.

Import Prices by Country

In 2022, the average chili and pepper import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 2022, 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