Chile: Computing Machinery Market 2024

Computing Machinery Market Size in Chile

The Chilean computing machinery market surged to $X in 2021, picking up by 62% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.7% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Computing Machinery Production in Chile

In value terms, computing machinery production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Computing Machinery Exports

Exports from Chile

In 2021, computing machinery exports from Chile soared to X tons, rising by 16% compared with the year before. Overall, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 35%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X tons), the United States (X tons) and Malaysia (X tons) were the main destinations of computing machinery exports from Chile, with a combined 98% 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 Malaysia (with a CAGR of +100.2%), while the other leaders experienced a decline.

In value terms, the United States ($X), Bolivia ($X) and Peru ($X) were the largest markets for computing machinery exported from Chile worldwide, with a combined 87% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, jumping by 44% against the previous year. Overall, the export price saw a noticeable expansion. The most prominent rate of growth was recorded in 2017 an increase of 67%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 the United States (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Chile

In 2021, overseas purchases of computing machinery and parts and accessories thereof increased by 44% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, computing machinery imports surged to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.9% against 2018 indices. 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 supplier of computing machinery to Chile, accounting for a 62% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Vietnam (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Vietnam (+23.2% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Chile, comprising 69% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Mexico, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.9% per year) and Mexico (-2.8% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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