Chile: Wooden Door Market 2024

Wooden Door Market Size in Chile

In 2021, the Chilean wooden door market decreased by -31.2% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a mild downturn. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wooden Door Production in Chile

In value terms, wooden door production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 25%. Over the period under review, production hit record highs at $X in 2020, and then contracted slightly in the following year.

Wooden Door Exports

Exports from Chile

Wooden door exports from Chile surged to X units in 2021, with an increase of 22% on the previous year's figure. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wooden door exports skyrocketed to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.5% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wooden door exports from Chile, accounting for a 91% share of total exports. Moreover, wooden door exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+6.2% per year) and the UK (+0.3% per year).

In value terms, the United States ($X) remains the key foreign market for doors and their frames and thresholds of wood exports from Chile, comprising 92% of total exports. The second position in the ranking was taken by Canada ($X), with a 3.3% share of total exports. It was followed by the UK, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+4.5% per year) and the UK (+1.0% per year).

Export Prices by Country

In 2021, the average wooden door export price amounted to $X per unit, with an increase of 7.7% against the previous year. Over the period under review, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2015 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Colombia ($X per unit) and the UK ($X per unit), while the average price for exports to Canada ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Door Imports

Imports into Chile

In 2021, overseas purchases of doors and their frames and thresholds of wood increased by 31% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, wooden door imports surged to $X in 2021. In general, imports showed measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Brazil (X units) and Spain (X units) were the main suppliers of wooden door imports to Chile, together comprising 92% of total imports. These countries were followed by Peru, Turkey and Bolivia, which together accounted for a further 5.6%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +113.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Brazil ($X) were the largest wooden door suppliers to Chile, together accounting for 94% of total imports. These countries were followed by Peru, Turkey and Bolivia, which together accounted for a further 2.6%.

In terms of the main suppliers, Turkey, with a CAGR of +137.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden door import price amounted to $X per unit, surging by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 an increase of 30%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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