Peanut Butter Market Overview in Chile
In value terms, peanut butter production declined to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a modest increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2013 to 2019, production growth remained at a lower figure.
The value of the peanut butter market in Chile expanded to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.