Chile: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Chile

In 2021, the Chilean flywheels and pulleys market increased by 32% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a slight descent. Flywheels and pulleys consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Exports

Exports from Chile

In 2021, overseas shipments of flywheels and pulleys decreased by -33% to X tons, falling for the second consecutive year after three years of growth. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 132% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports fell remarkably to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 154%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for flywheels and pulleys exports from Chile, accounting for a 70% share of total exports. Moreover, flywheels and pulleys exports to Peru exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was held by Argentina (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru stood at -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.9% per year) and Argentina (-27.1% per year).

In value terms, Peru ($X) emerged as the key foreign market for flywheels and pulleys exports from Chile, comprising 70% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Argentina, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Peru totaled -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.2% per year) and Argentina (-27.3% per year).

Export Prices by Country

In 2021, the average flywheels and pulleys export price amounted to $X per ton, growing by 9.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Bolivia ($X per ton), while the average price for exports to Peru ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.3%), while the prices for the other major destinations experienced a decline.

Flywheels And Pulleys Imports

Imports into Chile

In 2021, the amount of flywheels and pulleys imported into Chile skyrocketed to X tons, with an increase of 30% against 2020. In general, imports, however, continue to indicate a slight decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of flywheels and pulleys imports to Chile, with a combined 61% share of total imports. Brazil, South Korea, Sweden, South Africa, Italy, France and Canada lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the largest flywheels and pulleys suppliers to Chile, with a combined 61% share of total imports. Brazil, South Korea, Sweden, South Africa, Italy, France and Canada lagged somewhat behind, together comprising a further 24%.

Brazil, with a CAGR of +14.1%, saw the highest growth rate of 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 2021, the average flywheels and pulleys import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Africa ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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