Chile: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in Chile

For the fourth year in a row, the Chilean activated natural mineral products market recorded growth in sales value, which increased by 2.7% to $X in 2021. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.7% against 2015 indices. Activated natural mineral products consumption peaked in 2021 and is likely to continue growth in the immediate term.

Production of Activated Natural Mineral Products in Chile

In value terms, activated natural mineral products production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Activated Natural Mineral Products

Exports from Chile

Activated natural mineral products exports from Chile dropped remarkably to X tons in 2021, waning by -15.4% against 2020. In general, exports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, activated natural mineral products exports declined to $X in 2021. Over the period under review, exports showed a perceptible setback. The most prominent rate of growth was recorded in 2014 when exports increased by 18% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons), Argentina (X tons) and Colombia (X tons) were the main destinations of activated natural mineral products exports from Chile, with a combined 74% share of total exports. These countries were followed by Brazil, Bolivia, Ecuador and South Korea, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +13.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for activated natural mineral products exported from Chile were Peru ($X), Argentina ($X) and Colombia ($X), together comprising 72% of total exports. These countries were followed by Brazil, Bolivia, Ecuador and South Korea, which together accounted for a further 24%.

South Korea, with a CAGR of +25.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Activated Natural Mineral Products

Imports into Chile

For the third year in a row, Chile recorded growth in supplies from abroad of activated natural mineral products, which increased by 62% to X tons in 2021. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, activated natural mineral products imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.3% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), Argentina (X tons) and China (X tons) were the main suppliers of activated natural mineral products imports to Chile, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and the United States ($X) were the largest activated natural mineral products suppliers to Chile, with a combined 62% share of total imports.

In terms of the main suppliers, China, with a CAGR of +28.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average activated natural mineral products import price amounted to $X per ton, falling by -12% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2015 an increase of 4.4% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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