Chile: Crane Market 2024

Crane Market Size in Chile

The Chilean crane market expanded remarkably to $X in 2022, growing by 5.7% against the previous year. Overall, consumption, however, showed a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crane Production in Chile

In value terms, crane production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 2.6% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Crane Exports

Exports from Chile

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from Chile; which is down by -15.8% compared with the year before. Over the period under review, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2014 when exports increased by 156% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, crane exports dropped dramatically to $X in 2022. In general, exports showed a noticeable descent. The growth pace was the most rapid in 2016 when exports increased by 107%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X units), the United States (X units) and Argentina (X units) were the main destinations of crane exports from Chile, together accounting for 61% of total exports. Brazil, Mexico, Colombia and Spain lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +59.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crane exported from Chile were Peru ($X), Brazil ($X) and the United States ($X), with a combined 65% share of total exports. Argentina, Mexico, Colombia and Spain lagged somewhat behind, together comprising a further 24%.

Spain, with a CAGR of +110.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average crane export price amounted to $X per unit, waning by -9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 19%. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Mexico ($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 Netherlands (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Chile

In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane imported into Chile expanded notably to X units, picking up by 12% compared with the previous year's figure. Over the period under review, imports, however, showed a mild shrinkage. The growth pace was the most rapid in 2019 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crane imports totaled $X in 2022. Overall, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2019 with an increase of 55%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of crane to Chile, with a 51% share of total imports. Moreover, crane imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.1% per year) and Italy (-2.8% per year).

In value terms, China ($X) constituted the largest supplier of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Chile, comprising 34% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by the United States, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.8% per year) and the United States (-13.9% per year).

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, with a decrease of -8.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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