Chile: Retail Foods

  |   Attaché Report (GAIN)   |   CI2022-0013

In 2021, Chile maintained its position as the top market for U.S. consumer-oriented products in South America, followed by Colombia and Peru. The United States held 14 percent of Chilean market share of consumer-oriented products, shipping $886.4 million. Retail food sales reached $25.6 billion in 2021, a 7.6 percent increase over 2020. Supermarket food sales totaled $14.4 billion and represented 56.3 percent of total retail food sales in 2021. In 2021, with fewer COVID-19 restrictions and a successful vaccination campaign, GDP grew by 11.8 percent, pushing consumer spending. For 2022, the Chilean Central Bank projects a 1.5 percent GDP growth and retail food sales are projected to increase by 2.3 percent per year.

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