Chile: Gear Box Market 2025

Gear Box Market Size in Chile

The Chilean gear box market reduced to $X in 2022, with a decrease of -6.1% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Gear Box Production in Chile

In value terms, gear box production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 25% against the previous year. Gear box production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Gear Box Exports

Exports from Chile

In 2022, shipments abroad of gear boxes increased by 19% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt slump. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gear box exports expanded significantly to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by 8.6%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units), Colombia (X units) and Argentina (X units) were the main destinations of gear box exports from Chile, together comprising 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +3.8%), while shipments for the other leaders experienced a decline.

In value terms, Brazil ($X) remains the key foreign market for gear boxes exports from Chile, comprising 42% of total exports. The second position in the ranking was taken by Argentina ($X), with a 20% share of total exports. It was followed by the United States, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-6.1% per year) and the United States (-1.7% per year).

Export Prices by Country

In 2022, the average gear box export price amounted to $X per unit, with a decrease of -11.2% against the previous year. Overall, the export price recorded a perceptible slump. The growth pace was the most rapid in 2013 an increase of 14% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Colombia ($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 Mexico (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into Chile

In 2022, the amount of gear boxes imported into Chile dropped rapidly to X units, reducing by -19% against the previous year's figure. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +117.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 168%. As a result, imports reached the peak of X units, and then dropped sharply in the following year.

In value terms, gear box imports soared to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), the United States (X units) and France (X units) were the main suppliers of gear box imports to Chile, together accounting for 57% of total imports.

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 +91.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of gear boxes to Chile, comprising 55% of total imports. The second position in the ranking was taken by India ($X), with a 7.9% share of total imports. It was followed by France, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+60.5% per year) and France (+6.0% per year).

Import Prices by Country

The average gear box import price stood at $X per unit in 2022, picking up by 58% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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