Chile: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Chile

In 2022, the Chilean halogenated hydrocarbon derivative market increased by 42% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Halogenated Hydrocarbon Derivative Exports

Exports from Chile

In 2022, overseas shipments of halogenated derivatives of hydrocarbons increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,380% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports surged to $X in 2022. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2014 when exports increased by 2,705%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Costa Rica (X tons), Uruguay (X tons) and Guatemala (X kg) were the main destinations of halogenated hydrocarbon derivative exports from Chile, together accounting for 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Uruguay ($X) and Argentina ($X) appeared to be the largest markets for halogenated hydrocarbon derivative exported from Chile worldwide, together accounting for 91% of total exports.

Uruguay, with a CAGR of +19.9%, recorded the highest growth rate of the value of exports, in terms of 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

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, jumping by 192% against the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Chile

In 2022, purchases abroad of halogenated derivatives of hydrocarbons was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, halogenated hydrocarbon derivative imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of halogenated hydrocarbon derivative to Chile, accounting for a 73% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+42.8% per year) and the United States (-14.3% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Chile, comprising 61% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports. It was followed by the United States, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+52.1% per year) and the United States (-12.4% per year).

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, rising by 3.1% against the previous year. Over the period under review, the import price, however, showed a slight descent. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :