Chile: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Chile

The Chilean agricultural product dryer market soared to $X in 2021, with an increase of 104% 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, consumption, however, faced a deep reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Agricultural Product Dryer Exports

Exports from Chile

In 2021, agricultural product dryer exports from Chile skyrocketed to X units, increasing by 93% against the previous year. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 400% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural product dryer exports soared to $X in 2021. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,341%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units) was the main destination for agricultural product dryer exports from Chile, accounting for a 93% share of total exports. Moreover, agricultural product dryer exports to Venezuela exceeded the volume sent to the second major destination, Paraguay (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Venezuela stood at +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (0.0% per year) and Ecuador (0.0% per year).

In value terms, Venezuela ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from Chile, comprising 88% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela amounted to +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-20.0% per year) and Paraguay (+31.6% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, growing by 2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 172%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Paraguay ($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 Paraguay (+29.2%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into Chile

In 2021, the amount of dryers for the treatment of agricultural products imported into Chile skyrocketed to X units, with an increase of 82% on the year before. Overall, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 645% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, agricultural product dryer imports soared to $X in 2021. Over the period under review, imports enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when imports increased by 612% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest agricultural product dryer supplier to Chile, with a 57% share of total imports. Moreover, agricultural product dryer imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.3% per year) and Germany (-3.1% per year).

In value terms, the largest agricultural product dryer suppliers to Chile were the United States ($X), Italy ($X) and Germany ($X), together accounting for 57% of total imports. China, Taiwan (Chinese), Argentina, Canada, France and Panama lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Canada, with a CAGR of +22.5%, saw 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 agricultural product dryer import price amounted to $X per unit, surging by 53% against the previous year. Overall, the import price showed a noticeable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Argentina ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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