Chile: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Chile

The Chilean market for vacuum pumps and air or gas compressors dropped to $X in 2022, falling by -8.1% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in Chile

In value terms, production of vacuum pumps and air or gas compressors contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 68% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Chile

In 2022, the amount of vacuum pumps and air or gas compressors exported from Chile declined notably to X units, with a decrease of -18.4% on 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 74% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors declined modestly to $X in 2022. In general, exports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Peru (X units), Mexico (X units) and Bolivia (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Chile, with a combined 77% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +80.1%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Chile, comprising 35% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Peru, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+62.7% per year) and Peru (+0.5% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, rising by 19% against the previous year. In general, the export price, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Chile

After two years of growth, purchases abroad of vacuum pumps and air or gas compressors decreased by -19.1% to X units in 2022. Overall, imports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports attained the peak of X units, and then reduced sharply in the following year.

In value terms, imports of vacuum pumps and air or gas compressors fell modestly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Chile, with a 81% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Brazil (X units), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.1% per year) and Brazil (-9.8% per year).

In value terms, the largest vacuum pump and air or gas compressor suppliers to Chile were China ($X), the United States ($X) and Brazil ($X), with a combined 49% share of total imports.

Among the main suppliers, China, with a CAGR of +5.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, rising by 22% against the previous year. In general, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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