Chile: Metal Hammer Market 2024

Metal Hammer Market Size in Chile

The Chilean metal hammer market fell significantly to $X in 2022, shrinking by -20.1% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Metal Hammer Production in Chile

In value terms, metal hammer production dropped notably to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 70% against the previous year. Metal hammer production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Hammer Exports

Exports from Chile

In 2022, exports of hammers and sledge hammers with working part of metal from Chile soared to X tons, rising by 30% against 2021. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 145% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal hammer exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 641%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Peru (X tons) and Bolivia (X tons) were the main destinations of metal hammer exports from Chile, together accounting for 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +331.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hammer exported from Chile were Bolivia ($X), Peru ($X) and Uruguay ($X), together accounting for 95% of total exports. Argentina, Mexico, Paraguay, Brazil and Colombia lagged somewhat behind, together accounting for a further 4.4%.

Mexico, with a CAGR of +299.6%, saw 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

In 2022, the average metal hammer export price amounted to $X per ton, with a decrease of -28.8% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 243%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Mexico ($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 (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Chile

After two years of growth, supplies from abroad of hammers and sledge hammers with working part of metal decreased by -16.4% to X tons in 2022. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 84%. As a result, imports attained the peak of X tons, and then declined sharply in the following year.

In value terms, metal hammer imports reduced notably to $X in 2022. Overall, imports, however, showed a notable increase. The pace of growth appeared the most rapid in 2021 with an increase of 120%. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of metal hammer to Chile, accounting for a 93% share of total imports. It was followed by Mexico (X tons), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-1.1% per year) and the United States (-19.3% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Chile, comprising 84% of total imports. The second position in the ranking was taken by Mexico ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.0% per year) and the United States (-12.0% per year).

Import Prices by Country

In 2022, the average metal hammer import price amounted to $X per ton, reducing by -3.2% against the previous year. In general, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 ($X per ton), while the price for China ($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 United States (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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