Chile: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Chile

In 2021, the Chilean bituminous mixtures market decreased by -0.9% to $X for the first time since 2016, thus ending a four-year rising trend. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +63.1% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined slightly in the following year.

Bituminous Mixtures Production in Chile

In value terms, bituminous mixtures production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +68.7% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Chile

In 2021, after two years of decline, there was significant growth in overseas shipments of bituminous mixtures, when their volume increased by 125% to X tons. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 576% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, bituminous mixtures exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 348% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for bituminous mixtures exports from Chile, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled +39.2%.

In value terms, Bolivia ($X) also remains the key foreign market for bituminous mixtures exports from Chile.

From 2012 to 2021, the average annual growth rate of value to Bolivia totaled +34.2%.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, surging by 15% against the previous year. Overall, the export price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2014 an increase of 54% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2021, the rate of growth in terms of prices for Bolivia amounted to -3.6% per year.

Bituminous Mixtures Imports

Imports into Chile

Bituminous mixtures imports into Chile soared to X tons in 2021, growing by 89% on the previous year's figure. In general, imports, however, continue to indicate a deep reduction. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bituminous mixtures imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of bituminous mixtures to Chile, with a 91% share of total imports. Moreover, bituminous mixtures imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+148.8% per year) and Venezuela (-45.7% per year).

In value terms, the United States ($X) constituted the largest supplier of bituminous mixtures to Chile, comprising 83% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+112.7% per year) and Venezuela (-46.6% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, rising by 13% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+30.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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