Chile: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Chile

The Chilean metal vehicle lock market soared to $X in 2021, picking up by 129% 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, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Vehicle Lock Exports

Exports from Chile

In 2021, the amount of base metal motor vehicle locks exported from Chile reduced markedly to X kg, dropping by -58% on the previous year's figure. Overall, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 116%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal vehicle lock exports plummeted to $X in 2021. Over the period under review, exports saw a precipitous decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 217% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X kg), the Netherlands (X kg) and Bolivia (X kg) were the main destinations of metal vehicle lock exports from Chile, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +20.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal vehicle lock exported from Chile were Peru ($X), Bolivia ($X) and the Netherlands ($X), with a combined 78% share of total exports.

The Netherlands, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average metal vehicle lock export price amounted to $X per ton, shrinking by -50.4% against the previous year. Overall, the export price continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2018 an increase of 60%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Colombia ($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 Peru (-0.6%), while the prices for the other major destinations experienced a decline.

Metal Vehicle Lock Imports

Imports into Chile

In 2021, overseas purchases of base metal motor vehicle locks were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. 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 metal vehicle lock supplier to Chile, with a 80% share of total imports. Moreover, metal vehicle lock imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.2% per year) and Brazil (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of base metal motor vehicle locks to Chile, comprising 50% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.5% share of total imports. It was followed by Germany, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.0% per year) and Germany (+7.6% per year).

Import Prices by Country

In 2021, the average metal vehicle lock import price amounted to $X per ton, waning by -22% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2017 an increase of 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :