Chile: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Chile

The Chilean electrical signalling apparatus market dropped dramatically to $X in 2022, shrinking by -20.7% 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). Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports from Chile

In 2022, shipments abroad of electrical apparatus for sound or visual signalling increased by 127% to X units, rising for the second consecutive year after four years of decline. Over the period under review, exports showed a tangible increase. The most prominent rate of growth was recorded in 2016 when exports increased by 193% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical signalling apparatus exports soared to $X in 2022. Overall, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 228% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X units), China (X units) and Mexico (X units) were the main destinations of electrical signalling apparatus exports from Chile, with a combined 83% share of total exports. Colombia, Costa Rica, Argentina, Paraguay and Bolivia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +38.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical signalling apparatus exported from Chile were Peru ($X), China ($X) and Mexico ($X), with a combined 83% share of total exports. Colombia, Costa Rica, Argentina, Paraguay and Bolivia lagged somewhat behind, together comprising a further 16%.

Costa Rica, with a CAGR of +42.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, shrinking by -3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 14% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per unit) and Mexico ($X per unit), while the average price for exports to Costa Rica ($X per unit) and Bolivia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Chile

Electrical signalling apparatus imports into Chile declined remarkably to X units in 2022, waning by -19.9% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 40% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electrical signalling apparatus supplier to Chile, accounting for a 44% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by France (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and France (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Chile, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by France, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and France (+5.6% per year).

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, surging by 7.6% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical signalling apparatus import price increased by +102.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 74%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per unit) and South Africa ($X per unit), while the price for the UK ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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