Market Trends of Chile Cold Chain Logistics Industry
Growth of e-commerce driving the market
- Chile boasts several advantages in the retail market, including its well-established domestic retailers and its thriving food and food-processing industry that primarily exports. Leading retailers have expanded aggressively into neighboring countries, including Argentina, Brazil, Mexico, and Peru, making Chile home to some of the leading e-commerce players in Latin America. Likewise, Chile’s wide network of free-trade agreements with the utmost major global husbandry has opened up consumer goods markets to foreign participation and kept the cost of imported goods low.
- The retail market in Chile is primarily dominated by Walmart, Cencosud, and Falabella, with Walmart leading the hypermarket member and the other two companies operating department stores, supermarkets, home enhancement stores, and shopping promenades across South America. Shopping promenades have become decreasingly popular among Chilean consumers, who have traditionally preferred to shop at original convenience stores. Still, the impact of the COVID-19 pandemic led to an increased focus on perfecting digital presence and logistics capabilities among retailers, with expansions and store upgrades anticipated to take place later in the forecast period.
- Mercado Libre, Latin America’s largest e-commerce company by market value, has enabled crypto trading in Chile via its digital portmanteau, Mercado Pago. Druggies of Mercado Pago in Chile can now trade bitcoin( BTC) and ether( ETH) with a minimal quantum of 50 Chilean pesos( original to about 6 cents). Mercado Pago is offering the trading point in cooperation with Latin American crypto company Ripio. The company preliminarily enabled crypto trading in Brazil in December 2021 and started the same service in Mexico last time.
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Growth in horticulture production driving the market
- After frost cut short the 2022 crop, Chilean citrus products and exports should bounce back in a big way in 2023, a new USDA report predicts. U.S. significances of Chilean citrus are most active from May through November. In the period from November 2021 through October 2022, U.S. significances of Chilean citrus were valued a USD 328.5 million, down about 20 from the same period the former time, USDA trade statistics reveal. Chilean citrus yields in 2022 dropped due to frost during the downtime in the Valparaíso, Metropolitana, and O’Higgins regions. Because of the frost, the USDA Foreign Agricultural Service Santiago office estimated lemon products at 140,000 metric tons in the 2022 marketing season, down 30 from the former season.
- For 2023, the USDA report said Chilean lemon products should bounce back to 200,000 metric tons, assuming normal yields. Lemon realty is estimated at 21,000 in Chile in 2023, up 5.7 from 2022 and over further than 40 from 2016. In 2023, Chilean exports of failures are anticipated to reach 100,000 metric tons, over 60,000 metric tons in 2022. The bomb marketing time starts in April, with the bulk of exports taking place between June and September. The U.S. is the top request for Chilean failures, taking about 65,682 metric tons in 2021, or about 65 of total Chilean bomb exports. Chilean orange products for 2023 will increase to 200,000 metric tons, up 22 from 164,000 metric tons in 2022, according to the report. The report estimates the Chilean orange planted area at 15,814 acres in 2023, up 0.5 from 2022.
- Central Chile is the main growing region for oranges, with the Metropolitana region counting for 39.3 of the orange area planted and the O’Higgins region representing 31 of the orange area. Chilean orange exports will reach a total of 105,000 metric tons in 2023, according to the report, up further than 20 from 2022, the report said. Chile’s orange marketing times start in April, with the bulk of fruit packed between July and September, the report said. The U.S. is the main import destination for Chilean oranges, the report said. Mandarin citrus products in Chile will jump 39.4 in 2023 to 237,000 metric tons, according to the report. The planted area for bureaucrats was estimated at close to 33,400 acres in 2023, over from 27,600 acres in 2022.
