Chile: Ball Market 2024

Ball Market Size in Chile

In 2022, the Chilean ball market increased by 84% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +143.5% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ball Exports

Exports from Chile

In 2022, exports of balls from Chile soared to X units, rising by 110% compared with 2021 figures. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 148% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, ball exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Peru (X units), Bolivia (X units) and Paraguay (X units) were the main destinations of ball exports from Chile, with a combined 98% share of total exports. Ecuador lagged somewhat behind, comprising a further 2.1%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +59.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for balls exports from Chile, comprising 68% of total exports. The second position in the ranking was held by Paraguay ($X), with an 18% share of total exports. It was followed by Peru, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+1.3% per year) and Peru (-11.7% per year).

Export Prices by Country

In 2022, the average ball export price amounted to $X per unit, with a decrease of -25.6% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2021 when the average export price increased by 82%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Peru ($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 Paraguay (-0.4%), while the prices for the other major destinations experienced a decline.

Ball Imports

Imports into Chile

In 2022, purchases abroad of balls increased by 64% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +185.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ball to Chile, accounting for a 84% share of total imports. Moreover, ball imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+5.3% per year) and Thailand (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of balls to Chile, comprising 51% of total imports. The second position in the ranking was held by Pakistan ($X), with a 20% share of total imports. It was followed by Thailand, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+5.6% per year) and Thailand (+9.0% per year).

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, with an increase of 19% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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