Nuts Market in Chile
Market Overview
In 
, the Chilean nuts market decreased by -% to $, falling for the fifth consecutive year after three years of growth. Over the period under review, the total consumption indicated a noticeable expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Nuts consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
In value terms, nuts production declined slightly to $ in estimated in export prices. In general, the total production indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2015 indices. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Over the period under review, production attained the peak level at $ in 2015; however, from 2016 to , production remained at a lower figure.
, the Chilean nuts market decreased by -% to $, falling for the fifth consecutive year after three years of growth. Over the period under review, the total consumption indicated a noticeable expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Nuts consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.In value terms, nuts production declined slightly to $
in estimated in export prices. In general, the total production indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2015 indices. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Over the period under review, production attained the peak level at $ in 2015; however, from 2016 to , production remained at a lower figure.Consumption
In , consumption of nuts (prepared or preserved) in Chile reached tonnes, therefore, remained relatively stable against the year before. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the consumption volume increased by % year-to-year. Over the period under review, consumption hit record highs in and is likely to see gradual growth in years to come.
The revenue of the nuts market in Chile declined slightly to $ in , remaining stable 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). In general, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Nuts consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
, consumption of nuts (prepared or preserved) in Chile reached tonnes, therefore, remained relatively stable against the year before. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the consumption volume increased by % year-to-year. Over the period under review, consumption hit record highs in and is likely to see gradual growth in years to come.The revenue of the nuts market in Chile declined slightly to $
in , remaining stable 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). In general, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2015 indices. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Nuts consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for nuts in Chile, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of nuts in Chile were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for nuts.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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