Chile: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Chile

The Chilean endless machinery band market rose modestly to $X in 2021, with an increase of 2.1% 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). Over the period under review, consumption, however, continues to indicate a perceptible curtailment. Endless machinery band consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Endless Machinery Band Exports

Exports from Chile

In 2021, shipments abroad of endless bands for machinery, of stainless steel decreased by -9.1% to X square meters, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2014 when exports increased by 204% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, endless machinery band exports amounted to $X in 2021. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by 773%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X square meters), Peru (X square meters) and Bolivia (X square meters) were the main destinations of endless machinery band exports from Chile, together comprising 89% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +26.1%), while the other leaders experienced a decline.

In value terms, the largest markets for endless machinery band exported from Chile were Peru ($X), Argentina ($X) and Ecuador ($X), with a combined 91% share of total exports.

Among the main countries of destination, Peru, with a CAGR of +16.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2021, growing by 10% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 187%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per square meter), while the average price for exports to Bolivia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (-3.8%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into Chile

After two years of decline, purchases abroad of endless bands for machinery, of stainless steel increased by 12% to X square meters in 2021. Overall, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 147%. As a result, imports reached the peak of X square meters. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, endless machinery band imports fell slightly to $X in 2021. In general, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 112%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X square meters) constituted the largest supplier of endless machinery band to Chile, accounting for a 30% share of total imports. Moreover, endless machinery band imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X square meters), threefold. The third position in this ranking was held by France (X square meters), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.9% per year) and France (-5.5% per year).

In value terms, the United States ($X) constituted the largest supplier of endless machinery band to Chile, comprising 32% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.1% per year) and Germany (-9.2% per year).

Import Prices by Country

In 2021, the average endless machinery band import price amounted to $X per square meter, shrinking by -13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per square meter, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per square meter), while the price for Poland ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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