Chile: Engine Generator Market 2025

Engine Generator Market Size in Chile

The Chilean engine generator market skyrocketed to $X in 2022, increasing by 21% 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). Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +97.7% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Engine Generator Exports

Exports from Chile

Engine generator exports from Chile skyrocketed to X units in 2022, jumping by 51% on the previous year's figure. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 207%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, engine generator exports soared to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 53%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Peru (X units), Bolivia (X units) and Japan (X units) were the main destinations of engine generator exports from Chile, with a combined 72% share of total exports. The United States, Belgium, Canada and Argentina lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +67.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Peru ($X) and Japan ($X) constituted the largest markets for engine generator exported from Chile worldwide, together comprising 70% of total exports. Canada, the United States, Belgium and Argentina lagged somewhat behind, together accounting for a further 21%.

Belgium, with a CAGR of +49.6%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average engine generator export price amounted to $X per unit, dropping by -9.8% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engine generator export price increased by +190.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 222% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

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 Canada ($X per unit), while the average price for exports to Belgium ($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 Canada (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Chile

In 2022, supplies from abroad of generators for internal combustion engines increased by 9.1% to X units, rising for the second consecutive year after three years of decline. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +102.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 85%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, engine generator imports soared to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest engine generator supplier to Chile, accounting for a 44% share of total imports. Moreover, engine generator imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Poland (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and Poland (+71.4% per year).

In value terms, the United States ($X), China ($X) and Poland ($X) were the largest engine generator suppliers to Chile, together comprising 69% of total imports.

Poland, with a CAGR of +68.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average engine generator import price stood at $X per unit in 2022, surging by 17% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engine generator import price decreased by -22.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 ($X per unit), while the price for Poland ($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 (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :