Chile: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Chile

In 2022, the Chilean tow-behind air compressor market decreased by -2.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption posted pronounced growth. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Tow-Behind Air Compressor Exports

Exports from Chile

In 2022, shipments abroad of air compressors mounted on a wheeled chassis for towing decreased by -6.7% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 92% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tow-behind air compressor exports reached $X in 2022. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 136% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units), Peru (X units) and Argentina (X units) were the main destinations of tow-behind air compressor exports from Chile, together comprising 93% of total exports. France, Belgium and Uruguay lagged somewhat behind, together comprising a further 3.8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +32.0%), while the other leaders experienced a decline.

In value terms, Bolivia ($X) remains the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Chile, comprising 71% of total exports. The second position in the ranking was held by Peru ($X), with a 20% share of total exports. It was followed by Argentina, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-9.3% per year) and Argentina (-13.4% per year).

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, with an increase of 9.4% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Belgium ($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 Mozambique (+103.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Chile

In 2022, supplies from abroad of air compressors mounted on a wheeled chassis for towing increased by 1.7% to X units, rising for the third consecutive year after two years of decline. In general, imports recorded a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of 117% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tow-behind air compressor imports fell to $X in 2022. Overall, imports, however, saw a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tow-behind air compressor to Chile, accounting for a 86% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+37.2% per year) and India (+16.4% per year).

In value terms, China ($X) constituted the largest supplier of air compressors mounted on a wheeled chassis for towing to Chile, comprising 40% of total imports. The second position in the ranking was held by the United States ($X), with an 8% share of total imports. It was followed by India, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.6% per year) and India (+17.3% per year).

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, shrinking by -16.2% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 86% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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