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Chile Corn Market Size, Share, Trends, Growth, Analysis: By Product: Organic, Conventional; By Application: Food and Beverages, Animal Feed, Ethanol Production, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Key Trends and Developments in the Market; 2024-2032
Chile Corn Market Outlook
The Chile corn market size is projected to expand at a CAGR of 2.60% between 2024 and 2032.
Key Takeaways
- In the year 2023, Chile's total corn consumption amounted to 3020 MT.
- The Chilean government has been engaged in the practice of guaranteeing a minimum price for corn crops to farmers previously, in order to safeguard their interests amidst price fluctuations.
- Farmers and agribusinesses are investing in technology and machinery to improve crop yield, reduce labour, and improve water management in agriculture, consequently driving up the Chile corn market share.
The surge in demand for animal feed, the rise in consumption of agricultural commodities, and the increasing recognition of the health advantages of consuming corn are the major factors contributing to the corn market growth in Chile. The incorporation of corn into traditional recipes plays a significant role in expanding the market demand. One such traditional Chilean dish is Pastel de Choclo, a popular choice for family gatherings and special events, which features a blend of raisins, onions, and olives topped with a smooth sweet corn puree.
As per the Chile corn market analysis, in the year 2022, Chile recorded a total export value of $70.9M for corn, positioning itself as the 34th leading exporter of this commodity globally. Simultaneously, corn stood as the 87th most exported product in Chile during that period. The primary countries that received corn exports from Chile were the United States, France, Germany, Mexico, and South Africa.
Furthermore, agricultural producers and agribusiness entities are dedicating substantial resources to integrate state-of-the-art technology and equipment to boost crop yield and enhance water management practices in the farming sector. The increasing adoption of precision agricultural equipment is likely to influence the prospects of the market in the coming years. In addition to improving efficiency and productivity, these technological advancements also have the potential to address environmental concerns in the agricultural sector.
Market Segmentation
Chile Corn Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Organic
- Conventional
Market Breakup by Application
- Food and Beverages
- Animal Feed
- Ethanol Production
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Corn Market Overview
8.1 Key Industry Highlights
8.2 Latin America Corn Historical Market (2018-2023)
8.3 Latin America Corn Market Forecast (2024-2032)
8.4 Latin America Corn Market Breakup by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Chile
8.4.5 Others
9 Chile Corn Market Overview
9.1 Key Industry Highlights
9.2 Chile Corn Historical Market (2018-2023)
9.3 Chile Corn Market Forecast (2024-2032)
10 Chile Corn Market by Product
10.1 Organic
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Conventional
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Chile Corn Market by Application
11.1 Food and Beverages
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Animal Feed
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Ethanol Production
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Trade Data Analysis (HS Code: 1005)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Corn Market: Key Industry Highlights, 2018 and 2032
2. Chile Corn Market: Key Industry Highlights, 2018 and 2032
3. Chile Corn Historical Market: Breakup by Product (MMT), 2018-2023
4. Chile Corn Market Forecast: Breakup by Product (MMT), 2024-2032
5. Chile Corn Historical Market: Breakup by Application (MMT), 2018-2023
6. Chile Corn Market Forecast: Breakup by Application (MMT), 2024-2032
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Chile Corn Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 2.60% between 2024 and 2032.
The main drivers behind the growth of the corn market in Chile include increased government backing for the agricultural industry, the rise in corn exports, and a growing recognition of the health advantages associated with corn.
The significant market trends include the rising demand for corn as animal feed and the growing utilisation of precision machinery in crop production.
The major products in the market are organic and conventional.
The major applications of corn are food and beverages, animal feed, and ethanol production, among others.
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