Chile - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Chile - 2023
Contents:
- Refined Olive Oil Price in Chile (FOB) - 2022
- Refined Olive Oil Price in Chile (CIF) - 2022
- Refined Olive Oil Exports in Chile
- Refined Olive Oil Imports in Chile
Refined Olive Oil Price in Chile (FOB) - 2022
The average refined olive oil export price stood at $3,911 per ton in 2022, reducing by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2021 when the average export price increased by 39%. The export price peaked at $4,122 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,042 per ton), while the average price for exports to Spain ($3,444 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Price in Chile (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $4,697 per ton, jumping by 43% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined olive oil import price increased by +69.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the United States ($12,247 per ton), while the price for Argentina ($3,593 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+75.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Exports in Chile
Refined olive oil exports from Chile declined remarkably to 579 tons in 2022, waning by -24.6% compared with 2021 figures. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 8.7% against the previous year.
In value terms, refined olive oil exports reduced remarkably to $2.3M in 2022. Overall, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, the exports reached the peak of $3.1M, and then declined notably in the following year.
| Export of Refined Olive Oil in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 2.0 | 3.0 | 1.5 | -13.3% |
| Spain | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Germany | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 2.5 | 2.1 | 3.1 | 2.3 | -2.7% |
Top Export Markets for Refined Olive Oil from Chile in 2022:
- United States (370.0 tons)
- Spain (178.2 tons)
- Germany (26.0 tons)
Refined Olive Oil Imports in Chile
In 2022, approx. 240 tons of refined olive oil were imported into Chile; surging by 12% compared with 2021. Over the period under review, imports, however, showed a deep reduction.
In value terms, refined olive oil imports skyrocketed to $1.1M in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Refined Olive Oil in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 699 | 712 | 391 | 338 | -21.5% |
| Spain | 117 | 215 | 137 | 261 | 30.7% |
| United States | 16.9 | 1.6 | 0.8 | 191 | 124.4% |
| Peru | 94.4 | 37.6 | 99.8 | 166 | 20.7% |
| Italy | 94.9 | 15.8 | 69.8 | 161 | 19.3% |
| Others | 2.0 | 3.4 | 6.8 | 8.6 | 62.6% |
| Total | 1,024 | 986 | 705 | 1,125 | 3.2% |
Top Suppliers of Refined Olive Oil to Chile in 2022:
- Argentina (94.0 tons)
- Spain (52.9 tons)
- Peru (44.4 tons)
- Italy (31.6 tons)
- United States (15.6 tons)
This report provides an in-depth analysis of the refined olive oil market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Chile
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Chile
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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