Chile: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in Chile

In 2021, after four years of decline, there was significant growth in the Chilean aluminium pipe fittings market, when its value increased by 64% to $X. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Aluminium pipe fittings consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Aluminium Pipe Fittings Exports

Exports from Chile

For the third year in a row, Chile recorded growth in overseas shipments of aluminium tube or pipe fittings, which increased by 48% to X tons in 2021. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,666%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, aluminium pipe fittings exports skyrocketed to $X in 2021. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,383% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Colombia (X tons) was the main destination for aluminium pipe fittings exports from Chile, accounting for a 73% share of total exports. Moreover, aluminium pipe fittings exports to Colombia exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. The third position in this ranking was taken by Peru (X kg), with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia amounted to +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+29.1% per year) and Peru (-40.1% per year).

In value terms, Colombia ($X) remains the key foreign market for aluminium tube or pipe fittings exports from Chile, comprising 89% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 9.6% share of total exports. It was followed by Peru, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+69.0% per year) and Peru (-38.4% per year).

Export Prices by Country

The average aluminium pipe fittings export price stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 194%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Pipe Fittings Imports

Imports into Chile

In 2021, overseas purchases of aluminium tube or pipe fittings were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, aluminium pipe fittings imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. 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 tons) constituted the largest supplier of aluminium pipe fittings to Chile, with a 59% share of total imports. Moreover, aluminium pipe fittings imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by Argentina (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.4% per year) and Argentina (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of aluminium tube or pipe fittings to Chile, comprising 45% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Italy (+14.0% per year).

Import Prices by Country

The average aluminium pipe fittings import price stood at $X per ton in 2021, falling by -2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2013 an increase of 32%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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