Chile: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Chile

The Chilean geometrical quantities electronic measurer market fell to $X in 2022, waning by -7.1% 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). The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell in the following year.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Chile

In 2022, overseas shipments of electronic instruments and machines for measuring geometrical quantities increased by 107% to X units for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, geometrical quantities electronic measurer exports soared to $X in 2022. Overall, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X units), the United States (X units) and Brazil (X units) were the main destinations of geometrical quantities electronic measurer exports from Chile, with a combined 69% share of total exports. South Korea, Germany, Japan, Argentina, Peru and Bolivia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +59.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for geometrical quantities electronic measurer exported from Chile were Uruguay ($X), the United States ($X) and Brazil ($X), together accounting for 74% of total exports. Germany, South Korea, Argentina, Peru, Japan and Bolivia lagged somewhat behind, together comprising a further 22%.

South Korea, with a CAGR of +59.4%, saw the highest growth rate of 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 geometrical quantities electronic measurer export price stood at $X per unit in 2022, increasing by 57% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer export price increased by +83.4% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Chile

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were imported into Chile; reducing by -21.8% compared with the year before. Overall, imports, however, enjoyed a temperate increase. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, geometrical quantities electronic measurer imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of geometrical quantities electronic measurer imports to Chile, together accounting for 52% of total imports. India, Mexico, Italy, Brazil, Finland, Spain, South Korea, the UK, Taiwan (Chinese) and Sweden lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +49.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest geometrical quantities electronic measurer suppliers to Chile were China ($X), the United States ($X) and Germany ($X), together comprising 46% of total imports. Italy, Finland, Sweden, Brazil, Spain, South Korea, the UK, India, Mexico and Taiwan (Chinese) lagged somewhat behind, together comprising a further 21%.

Finland, with a CAGR of +43.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, jumping by 31% against the previous year. In general, the import price, however, continues to indicate a noticeable contraction. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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