Chile: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Chile

For the third year in a row, the Chilean electric heating resistor market recorded decline in sales value, which decreased by -15.6% to $X in 2021. Over the period under review, consumption, however, recorded strong growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Electric Heating Resistor Exports

Exports from Chile

In 2021, shipments abroad of electric heating resistors was finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 110%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric heating resistor exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep slump. The growth pace was the most rapid in 2015 with an increase of 83% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X units), Argentina (X units) and Peru (X units) were the main destinations of electric heating resistor exports from Chile, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +32.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X), Argentina ($X) and Peru ($X) appeared to be the largest markets for electric heating resistor exported from Chile worldwide, together comprising 90% of total exports.

In terms of the main countries of destination, Colombia, with a CAGR of +37.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, surging by 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2014 an increase of 17% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Bolivia ($X per unit) and Paraguay ($X per unit), while the average price for exports to Colombia ($X per unit) and Argentina ($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 Bolivia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Chile

In 2021, approx. X units of electric heating resistors were imported into Chile; reducing by -17.2% on the previous year. Overall, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electric heating resistor imports declined to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.8% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 32%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), China (X units) and the United States (X units) were the main suppliers of electric heating resistor imports to Chile, with a combined 73% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +28.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest electric heating resistor suppliers to Chile were Spain ($X), China ($X) and the United States ($X), together comprising 71% of total imports.

Among the main suppliers, Spain, with a CAGR of +33.0%, 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

The average electric heating resistor import price stood at $X per unit in 2021, with an increase of 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per unit) and Brazil ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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