Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile (CIF) - 2023
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile (FOB) - 2022
3. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile
4. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile (CIF) - 2023

The average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $2,972 per ton in November 2023, dropping by -13.6% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 21% m-o-m. As a result, import price attained the peak level of $3,640 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,195 per ton), while the price for Colombia ($1,675 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile (FOB) - 2022

The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $3,208 per ton in 2022, surging by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($5,331 per ton), while the average price for exports to Bolivia ($2,469 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 Bolivia (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile

For the fourth year in a row, Chile recorded growth in overseas purchases of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa, which increased by 4.4% to 25K tons in 2022. The total import volume increased at an average annual rate of +11.4% 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 was the most pronounced in 2020 with an increase of 16%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $76M in 2022. Overall, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Chile in 2022:

1. Colombia (7.4K tons)
2. Brazil (4.1K tons)
3. Argentina (3.3K tons)
4. China (2.1K tons)
5. United States (1.7K tons)
6. Peru (1.5K tons)
7. Spain (1.2K tons)

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Chile

In 2022, approx. 1.8K tons of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa were exported from Chile; surging by 7.1% against the previous year's figure. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa expanded sharply to $5.9M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Chile in 2022:

1. Ecuador (472.4 tons)
2. Bolivia (472.3 tons)
3. Peru (399.2 tons)
4. Paraguay (145.9 tons)
5. Nicaragua (54.8 tons)
6. Venezuela (50.4 tons)
7. United States (45.4 tons)
8. Australia (36.7 tons)
9. Uruguay (18.0 tons)

Source: IndexBox Market Intelligence Platform