Chile: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Chile

The Chilean cranks and crankshafts market expanded markedly to $X in 2022, surging by 13% 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 +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cranks and crankshafts consumption peaked in 2022 and is likely to continue growth in the immediate term.

Cranks And Crankshafts Exports

Exports from Chile

In 2022, approx. X tons of cranks and crankshafts were exported from Chile; picking up by 40% compared with the year before. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 71%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cranks and crankshafts exports from Chile, accounting for a 51% share of total exports. Moreover, cranks and crankshafts exports to the United States exceeded the volume sent to the second major destination, Bolivia (X tons), fourfold. The third position in this ranking was taken by Peru (X tons), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-9.0% per year) and Peru (+0.8% per year).

In value terms, the United States ($X) remains the key foreign market for cranks and crankshafts exports from Chile, comprising 51% of total exports. The second position in the ranking was held by Bolivia ($X), with a 12% share of total exports. It was followed by Peru, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-9.5% per year) and Peru (+0.3% per year).

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, waning by -10.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Sweden ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Chile

In 2022, purchases abroad of cranks and crankshafts increased by 8.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cranks and crankshafts imports rose sharply to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 17%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest cranks and crankshafts supplier to Chile, with a 49% share of total imports. Moreover, cranks and crankshafts imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and Germany (-1.0% per year).

In value terms, the United States ($X) constituted the largest supplier of cranks and crankshafts to Chile, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 9.8% share of total imports. It was followed by Germany, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and Germany (-1.6% per year).

Import Prices by Country

The average cranks and crankshafts import price stood at $X per ton in 2022, increasing by 5.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 8.1%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Canada ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :