Key Market Indicators
The frozen food market in Chile is projected to reach $228 million by 2026. This is up from $192.9 million in 2021, with an average growth rate of 3.5% year-on-year. Since 1995, Chilean demand for frozen food has grown an average of 13.9% year-on-year. In 2021, Chile ranked 22nd in the world in frozen food imports, with Spain taking the lead at $141.6 million. The United States, South Korea and Japan followed as the second, third and fourth-largest importers. Chile's frozen food exports are set to reach $53.9 million by 2026, up from $51.3 million in 2021 with a CAGR of 0.8% year-on-year. Since 1995, Chilean supply has decreased by 0.8% year-on-year. In 2021, Chile ranked 22nd in the world in frozen food exports, with Guatemala in the lead at $51.3 million. China, Spain and Mexico followed as the second, third and fourth-largest exporters.
