Chile: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Chile

In 2021, the Chilean market for domestic, non-electric, cooking or heating appliances increased by 44% to $X, rising for the sixth consecutive year after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.3% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Chile

In value terms, production of domestic, non-electric, cooking or heating appliances dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 12% against the previous year. Production of peaked at $X in 2020, and then fell in the following year.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Chile

In 2021, shipments abroad of domestic, non-electric, cooking or heating appliances was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, exports, however, faced a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. Overall, exports, however, saw a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Chile, with a 50% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to Bolivia exceeded the volume sent to the second major destination, Peru (X tons), fourfold. Argentina (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-9.4% per year) and Argentina (-10.9% per year).

In value terms, Bolivia ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Chile, comprising 52% of total exports. The second position in the ranking was taken by Peru ($X), with a 14% share of total exports. It was followed by Ecuador, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-3.1% per year) and Ecuador (+19.9% per year).

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.0%. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Colombia ($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 Paraguay (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Chile

In 2021, supplies from abroad of domestic, non-electric, cooking or heating appliances increased by 159% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of domestic, non-electric, cooking or heating appliances skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant expansion. 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 domestic, non-electric, cooking or heating appliance supplier to Chile, with a 58% share of total imports. Moreover, imports of domestic, non-electric, cooking or heating appliances from China exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), threefold. Peru (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+6.6% per year) and Peru (+41.3% per year).

In value terms, China ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to Chile, comprising 57% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 23% share of total imports. It was followed by Peru, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+9.0% per year) and Peru (+44.4% per year).

Import Prices by Country

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2014 when the average import price increased by 13%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and Ecuador ($X per ton), while the price for the United States ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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