Chile: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Chile

The Chilean market for electrical boards, panels, consoles, desks and cabinets skyrocketed to $X in 2021, rising by 53% 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). The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Chile

In 2021, shipments abroad of electrical boards, panels, consoles, desks and cabinets was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a significant increase. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric board, desk and panel exports surged to $X in 2021. In general, exports enjoyed a buoyant increase. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Guatemala (X units) was the main destination for electric board, desk and panel exports from Chile, accounting for a 92% share of total exports. Moreover, electric board, desk and panel exports to Guatemala exceeded the volume sent to the second major destination, Peru (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala stood at -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+2.3% per year) and Bolivia (-0.3% per year).

In value terms, Guatemala ($X) emerged as the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from Chile, comprising 74% of total exports. The second position in the ranking was taken by Peru ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Guatemala totaled -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+5.3% per year) and Bolivia (-15.3% per year).

Export Prices by Country

In 2021, the average export price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, shrinking by -68% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 75% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+3.0%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Chile

In 2021, imports of electrical boards, panels, consoles, desks and cabinets into Chile soared to X units, growing by 40% against 2020. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. 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.

In value terms, electric board, desk and panel imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. 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 units) constituted the largest electric board, desk and panel supplier to Chile, accounting for a 59% share of total imports. Moreover, electric board, desk and panel imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Italy (+8.6% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest electric board, desk and panel suppliers to Chile, together comprising 72% of total imports. Spain, Turkey and Brazil lagged somewhat behind, together comprising a further 10%.

In terms of the main suppliers, Turkey, with a CAGR of +167.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, surging by 15% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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