Chile: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Chile

In 2021, the Chilean agricultural appliance market decreased by -13.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Agricultural Appliance Production in Chile

In value terms, agricultural appliance production dropped dramatically to $X in 2021 estimated in export price. In general, production saw a dramatic decrease. Agricultural appliance production peaked at $X in 2020, and then shrank remarkably in the following year.

Agricultural Appliance Exports

Exports from Chile

In 2021, approx. X units of agricultural appliances were exported from Chile; reducing by -54.6% against the previous year's figure. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 236% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural appliance exports skyrocketed to $X in 2021. Overall, exports showed a drastic downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for agricultural appliance exports from Chile, accounting for a 57% share of total exports. Moreover, agricultural appliance exports to Argentina exceeded the volume sent to the second major destination, Colombia (X units), threefold. Mexico (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+15.9% per year) and Mexico (+1.1% per year).

In value terms, Argentina ($X) remains the key foreign market for agricultural appliances exports from Chile, comprising 64% of total exports. The second position in the ranking was taken by Colombia ($X), with a 13% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina amounted to -7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+17.7% per year) and Mexico (+2.6% per year).

Export Prices by Country

In 2021, the average agricultural appliance export price amounted to $X per unit, with an increase of 266% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 359% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Appliance Imports

Imports into Chile

In 2021, approx. X units of agricultural appliances were imported into Chile; with an increase of 45% on 2020. In general, imports, however, showed a perceptible downturn. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, agricultural appliance imports skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), the United States (X units) and Brazil (X units) were the main suppliers of agricultural appliance imports to Chile, together accounting for 71% of total imports. Spain, the UK, China, Mexico, Germany and France lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +67.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Brazil ($X) were the largest agricultural appliance suppliers to Chile, with a combined 70% share of total imports. These countries were followed by Spain, China, Mexico, the UK, Germany and France, which together accounted for a further 23%.

The UK, with a CAGR of +40.2%, recorded the highest growth rate of the value of imports, among the main suppliers 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 agricultural appliance import price amounted to $X per unit, waning by -5.6% against the previous year. In general, the import price saw a perceptible setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 11%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform