Chile: Rock Cutter Market 2024

Rock Cutter Market Size in Chile

In 2022, the Chilean rock cutter market increased by 2,339% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Rock Cutter Production in Chile

In value terms, rock cutter production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 21%. Rock cutter production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Rock Cutter Exports

Exports from Chile

For the third year in a row, Chile recorded growth in shipments abroad of coal or rock cutters and tunnelling machinery, which increased by 4.7% to X units in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 975% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, rock cutter exports shrank markedly to $X in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 95,203%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Spain (X units) was the main destination for rock cutter exports from Chile, accounting for a 91% share of total exports. Moreover, rock cutter exports to Spain exceeded the volume sent to the second major destination, Austria (X units), more than tenfold. The third position in this ranking was held by Bolivia (X units), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +269.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Bolivia (-14.3% per year).

In value terms, Spain ($X) emerged as the key foreign market for coal or rock cutters and tunnelling machinery exports from Chile, comprising 95% of total exports. The second position in the ranking was held by Bolivia ($X), with a 2.6% share of total exports. It was followed by Peru, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +202.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-19.0% per year) and Peru (-1.8% per year).

Export Prices by Country

The average rock cutter export price stood at $X per unit in 2022, waning by -47% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 23,726% against the previous year. The export price peaked at $X per unit in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Austria ($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 the United States (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Rock Cutter Imports

Imports into Chile

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were imported into Chile; with an increase of 252% compared with 2021 figures. In general, imports showed notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 3,440%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rock cutter imports surged to $X in 2022. Over the period under review, imports posted a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 3,799%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Canada (X units) constituted the largest supplier of rock cutter to Chile, accounting for a 75% share of total imports. Moreover, rock cutter imports from Canada exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was held by the United States (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.3% per year) and the United States (+17.5% per year).

In value terms, Canada ($X) constituted the largest supplier of coal or rock cutters and tunnelling machinery to Chile, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with an 8.6% share of total imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and the United States (+39.1% per year).

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, picking up by 35% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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