Bran, sharps and residues from cereal or legume processing market in Chile

Earlier Report Observations

From 2018 to 2021, the market volume for bran, sharps and residues from cereal processing in Chile expanded from 415 thousand tons to 463 thousand tons. This growth was primarily driven by the national push toward a circular economy, which included the renaming of the government's Waste Office to the Circular Economy Office in 2018. This policy shift, promoted by CORFO, incentivized the valorization of agro-industrial waste. Private sector initiatives followed, such as Carozzi establishing a sustainability committee and a circular economy plan to reuse milling by-products for pet food. In 2019, the creation of a National Committee to prevent food loss and waste further institutionalized the use of cereal residues, while the COVID-19 pandemic in 2020 underscored the need for resilient local supply chains and waste management, spurring technological developments like F4F's conversion of organic waste into animal feed protein.

After reaching a peak in 2021, the market volume contracted to 413 thousand tons in 2022 and fell further to 380 thousand tons in 2023. During this period, circular economy efforts continued, including the Ministry of Agriculture's program to strengthen sector sustainability and the Lo Valledor wholesale market's increased delivery of organic material for animal feed. However, these ongoing initiatives coincided with a broader market decline, resulting in a total reduction of over 80 thousand tons from the 2021 high.

Production bran, sharps and residues from cereal or legume processing in Chile

In kind, 2018-2021, K t

Top producers of bran, sharps and residues from cereal or legume processing, 2018-2021

World map of production of bran, sharps and residues from cereal or legume processing, 2018-2021

Chile's production of bran, sharps, and residues from cereal or legume processing saw a decline after two consecutive years of growth. In 2021, the country produced 413.8 K t, marking a 5.1% decrease compared to the previous year. Looking at the period from 2018 to 2021, production overall increased by 5.3%, which translates to an average annual growth rate of 1.7%. The highest production volume was recorded in 2020 at 435.9 K t, with the most significant year-on-year increase occurring in 2019 at 9.4%.

Annual dynamics of production in Chile in kind, 2018-2021, K t

Exports bran, sharps and residues from cereal or legume processing from Chile

Exports in kind, t

Following a two-year upward trend, Chile's exports of bran, sharps, and residues from cereal or legume processing experienced a decline. In 2021, exports totaled 200 t, down by 45.6% from 2020. Over the 2018-2021 period, exports decreased by 23.6%, corresponding to a compound annual growth rate of -8.6%. The peak export volume was reached in 2020 at 367 t, with the largest increase recorded that same year at 26.6%.

Annual dynamics of product's exports from Chile in kind, 2018-2021, t

From 2018 to 2021, Chile's exports of bran, sharps, and residues from cereal or legume processing were distributed across a wide range of partner countries. Argentina accounted for 22.5% of exports, Colombia for 14.0%, and Venezuela for 13.4%. Together, these three countries represented 49.8% of total export flows, indicating a relatively diversified market.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Chile in kind, 2018-2021

Exports in value, K $ US

The market exhibited volatility during the observed period. Export values fluctuated significantly, with a 2.5-fold difference between the low in 2018 and the high in 2020. In 2021, Chile exported 110 K $ US worth of bran, sharps, and residues from cereal or legume processing, showing a sharp decline of 36.0% compared to the previous year. The maximum value was recorded in 2020 at 172 K $ US, while the largest increase occurred in 2019 at 92.7%.

Annual dynamics of product's exports from Chile in value, 2018-2021, K $ US

Between 2018 and 2021, Argentina, Colombia, and Venezuela were the key partners for Chile's exports in value terms. Argentina led with 33.5% of export value, followed by Colombia at 12.7% and Venezuela at 12.4%. Collectively, these three countries accounted for 58.6% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Chile in value, 2018-2021

Imports bran, sharps and residues from cereal or legume processing to Chile

Imports in kind, t

The data indicates irregular changes, reflecting a volatile market environment. Import volumes showed significant fluctuations, with a 6.8-fold difference between the low in 2020 and the high in 2021. In 2021, Chile imported 49 469 t of bran, sharps, and residues from cereal or legume processing, representing a dramatic increase of 578.4% compared to the previous year. The minimum import volume was recorded in 2020 at 7 292 t, with the largest decline occurring in 2019 at 51.3%.

Annual dynamics of product's imports to Chile in kind, 2018-2021, t

From 2018 to 2021, Argentina and the United States were the primary suppliers of bran, sharps, and residues from cereal or legume processing to Chile. Together, they accounted for 98.9% of total imports in kind, with other countries making up the remainder.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Chile in kind, 2018-2021

Imports in value, K $ US

The data reveals irregular changes, pointing to a volatile market environment. Import values varied by 5.9 times between the low in 2019 and the high in 2021. In 2021, Chile's imports of bran, sharps, and residues from cereal or legume processing amounted to 16 559 K $ US, showing a sharp rise of 383.0% year-over-year. The minimum value was recorded in 2019 at 2 823 K $ US, with the largest decline also occurring that year at 68.3%.

Annual dynamics of product's imports to Chile in value, 2018-2021, K $ US

Throughout 2018-2021, the United States and Argentina were the core markets for Chile's imports in value terms. They jointly accounted for 98.7% of total import flows, while other destinations had relatively modest shares.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Chile in value, 2018-2021