Chile: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Chile

The Chilean grinding and sharpening machine market expanded remarkably to $X in 2022, surging by 7% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +95.9% against 2016 indices. Grinding and sharpening machine consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Grinding And Sharpening Metal Finishing Machines in Chile

In value terms, grinding and sharpening machine production amounted to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Chile

In 2022, after three years of growth, there was significant decline in shipments abroad of grinding and sharpening metal finishing machines, when their volume decreased by -88.3% to X units. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 335%. The exports peaked at X units in 2021, and then declined notably in the following year.

In value terms, grinding and sharpening machine exports reduced sharply to $X in 2022. Overall, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 250% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for grinding and sharpening machine exports from Chile, accounting for a 81% share of total exports. Moreover, grinding and sharpening machine exports to Uruguay exceeded the volume sent to the second major destination, Bolivia (X units), sixfold. The third position in this ranking was held by Peru (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-6.7% per year) and Peru (-22.3% per year).

In value terms, Peru ($X) emerged as the key foreign market for grinding and sharpening metal finishing machines exports from Chile, comprising 72% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 16% share of total exports. It was followed by Bolivia, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-6.1% per year) and Bolivia (-37.3% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, rising by 350% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Paraguay ($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 Spain (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Chile

In 2022, grinding and sharpening machine imports into Chile surged to X units, picking up by 39% against 2021 figures. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 162%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, grinding and sharpening machine imports shrank markedly to $X in 2022. In general, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 161% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding and sharpening machine to Chile, with a 87% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.5% per year) and Japan (-27.5% per year).

In value terms, China ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Chile, comprising 24% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.5% per year) and Japan (-46.3% per year).

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, dropping by -42.2% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 77% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 (-8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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