Chile: Market for Turbo, Rotary and Reciporating Displacement Compressors 2025

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Chile

The Chilean market for turbo, rotary and reciporating displacement compressors declined significantly to $X in 2022, waning by -17.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a buoyant increase. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Chile

In 2022, the amount of turbo, rotary and reciporating displacement compressors exported from Chile contracted to X units, with a decrease of -14.2% compared with the previous year. In general, exports continue to indicate a slight contraction. The growth pace was the most rapid in 2021 with an increase of 142%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors reduced to $X in 2022. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by 103%. 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

Mexico (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Chile, with a 59% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Mexico exceeded the volume sent to the second major destination, Germany (X units), sixfold. The United States (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at +81.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+44.9% per year) and the United States (-18.1% per year).

In value terms, Mexico ($X) emerged as the key foreign market for turbo, rotary and reciporating displacement compressors exports from Chile, comprising 35% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+46.4% per year) and the United States (-9.0% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, with an increase of 7.8% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 257% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Colombia ($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 the United States (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Chile

In 2022, imports of turbo, rotary and reciporating displacement compressors into Chile shrank remarkably to X units, which is down by -33.3% on 2021. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 127%. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors rose notably to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest turbo, rotary and reciporating displacement compressor supplier to Chile, accounting for a 78% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.7% per year) and South Korea (+0.3% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest turbo, rotary and reciporating displacement compressor suppliers to Chile, together accounting for 51% of total imports.

Among the main suppliers, China, with a CAGR of +9.8%, 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

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, picking up by 63% against the previous year. Overall, the import price, however, recorded a abrupt setback. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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