Chile: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Chile

The Chilean digital data processing machine market soared to $X in 2021, picking up by 69% 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). In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, 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 Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Chile

For the third year in a row, Chile recorded growth in shipments abroad of digital data processing machines: presented in the form of systems, which increased by 7.2% to X units in 2021. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 113% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, digital data processing machine exports surged to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 162% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X units), the United States (X units) and Colombia (X units) were the main destinations of digital data processing machine exports from Chile, with a combined 89% 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 Colombia (with a CAGR of +70.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for digital data processing machines: presented in the form of systems exports from Chile, comprising 48% of total exports. The second position in the ranking was taken by Colombia ($X), with a 23% share of total exports. It was followed by the United States, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+64.5% per year) and the United States (+16.0% per year).

Export Prices by Country

In 2021, the average digital data processing machine export price amounted to $X per unit, surging by 13% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to the United States ($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 Taiwan (Chinese) (+78.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Chile

In 2021, digital data processing machine imports into Chile soared to X units, jumping by 74% on 2020 figures. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +129.7% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, digital data processing machine imports skyrocketed to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. 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 digital data processing machine supplier to Chile, with a 88% share of total imports. Moreover, digital data processing machine imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-16.3% per year) and the United States (-4.3% per year).

In value terms, China ($X) constituted the largest supplier of digital data processing machines: presented in the form of systems to Chile, comprising 78% of total imports. The second position in the ranking was held by the United States ($X), with a 6.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.0% per year) and Mexico (-17.3% per year).

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2021, shrinking by -5.4% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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