Price for Protein; Concentrates and Textured Protein Substances in Chile - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Chile (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Chile (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Chile
- Exports of Protein; Concentrates and Textured Protein Substances in Chile
Price for Protein; Concentrates and Textured Protein Substances in Chile (CIF) - 2024
In April 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $840 per ton, with a decrease of -11.3% against the previous month. Overall, the import price showed a deep contraction. The pace of growth was the most pronounced in August 2023 when the average import price increased by 409% month-to-month. Over the period under review, average import prices hit record highs at $5,126 per ton in November 2023; however, from December 2023 to April 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,301 per ton), while the price for Brazil ($690 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Argentina (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Protein; Concentrates and Textured Protein Substances in Chile (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $2,978 per ton in 2022, with an increase of 7.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $4,415 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($7,376 per ton), while the average price for exports to Argentina ($2,369 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 Mexico (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Chile
In 2022, after three years of growth, there was significant decline in overseas purchases of protein; concentrates and textured protein substanceses, when their volume decreased by -5.4% to 128K tons. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 136K tons, and then dropped in the following year.
In value terms, imports of protein; concentrates and textured protein substanceses fell to $135M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +57.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports attained the peak of $135M, leveling off in the following year.
| Import of Protein; Concentrates and Textured Protein Substances in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 59.6 | 68.7 | 107 | 96.6 | 17.5% |
| China | 7.7 | 12.6 | 11.3 | 17.4 | 31.2% |
| United States | 11.7 | 5.7 | 8.5 | 8.2 | -11.2% |
| Argentina | 3.2 | 3.5 | 3.0 | 5.2 | 17.6% |
| Others | 3.5 | 3.1 | 5.9 | 7.2 | 27.2% |
| Total | 85.7 | 93.6 | 135 | 135 | 16.4% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Chile in 2022:
- Brazil (116.2K tons)
- Argentina (5.3K tons)
- China (5.0K tons)
- United States (0.7K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Chile
In 2022, the amount of protein; concentrates and textured protein substanceses exported from Chile declined sharply to 236 tons, with a decrease of -55.5% against the year before. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 356%. As a result, the exports reached the peak of 529 tons, and then declined markedly in the following year.
In value terms, exports of protein; concentrates and textured protein substanceses dropped sharply to $702K in 2022. Overall, exports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 187%. As a result, the exports reached the peak of $1.5M, and then reduced markedly in the following year.
| Export of Protein; Concentrates and Textured Protein Substances in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 382 | 393 | 1,059 | 432 | 4.2% |
| Peru | 41.2 | 111 | 232 | 156 | 55.9% |
| Mexico | 44.6 | N/A | N/A | 67.0 | 14.5% |
| Bolivia | 7.7 | 0.5 | N/A | 27.9 | 53.6% |
| South Korea | 134 | N/A | N/A | N/A | 0% |
| Others | 9.2 | 8.2 | 178 | 19.0 | 27.3% |
| Total | 618 | 512 | 1,470 | 702 | 4.3% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Chile in 2022:
- Argentina (182.3 tons)
- Peru (32.1 tons)
- Mexico (9.1 tons)
- Bolivia (8.8 tons)
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