Chile: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Chile

The Chilean air conditioning machine market soared to $X in 2021, jumping by 60% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +112.0% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Air Conditioning Machine Production in Chile

In value terms, air conditioning machine production rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. Air conditioning machine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Chile

In 2021, approx. X units of air conditioning machines were exported from Chile; with an increase of 8.5% against the previous year. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 70%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 172%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for air conditioning machine exports from Chile, accounting for a 71% share of total exports. Moreover, air conditioning machine exports to Bolivia exceeded the volume sent to the second major destination, Peru (X units), threefold. Paraguay (X units) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+10.5% per year) and Paraguay (+6.4% per year).

In value terms, Bolivia ($X) remains the key foreign market for air conditioning machine exports from Chile, comprising 89% of total exports. The second position in the ranking was held by Peru ($X), with a 4.5% share of total exports. It was followed by Paraguay, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-15.8% per year) and Paraguay (-0.9% per year).

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, jumping by 25% against the previous year. Over the period under review, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 149%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Bolivia (+8.9%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into Chile

Air conditioning machine imports into Chile soared to X units in 2021, with an increase of 67% compared with 2020 figures. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 73%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, air conditioning machine imports surged to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main air conditioning machine supplier to Chile, with a 96% share of total imports. It was followed by South Korea (X units), with a 0.8% share of total imports. The third position in this ranking was taken by the United States (X units), with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.0% per year) and the United States (-24.8% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Chile, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.7% share of total imports. It was followed by Italy, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.9% per year) and Italy (-3.4% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, waning by -5.8% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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