Chile: Electronic Chip Market 2025

Electronic Chip Market Size in Chile

For the fourth year in a row, the Chilean electronic chip market recorded growth in sales value, which increased by 26% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. Electronic chip consumption peaked in 2021 and is expected to retain growth in years to come.

Electronic Chip Exports

Exports from Chile

In 2021, after three years of decline, there was significant growth in overseas shipments of electronic chips, when their volume increased by 22% to X units. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 114%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, electronic chip exports surged to $X in 2021. Over the period under review, exports saw moderate growth. The pace of growth appeared the most rapid in 2017 with an increase of 126%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for electronic chip exports from Chile, with a 954% share of total exports. Moreover, electronic chip exports to India exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was held by Austria (X units), with a 51% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.3% per year) and Austria (+74.0% per year).

In value terms, India ($X) remains the key foreign market for electronic chips exports from Chile, comprising 50% of total exports. The second position in the ranking was held by Austria ($X), with an 18% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+106.1% per year) and the United States (-3.9% per year).

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, remaining constant against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip export price increased by +7.6% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 42%. As a result, the export price reached the peak level of $X per unit, leveling off in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Australia (less than $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 Austria (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Chile

In 2021, purchases abroad of electronic chips increased by 19% to X units, rising for the third consecutive year after three years of decline. Overall, imports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2019 with an increase of 48%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electronic chip imports surged to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.4% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electronic chip to Chile, accounting for a 52% share of total imports. Moreover, electronic chip imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Italy (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.5% per year) and Italy (+15.9% per year).

In value terms, China ($X) constituted the largest supplier of electronic chips to Chile, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Malaysia, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and Malaysia (+6.0% per year).

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2021, with an increase of 9.1% against the previous year. In general, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 79%. As a result, import price attained the peak level of $X per unit. From 2019 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, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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