Chile: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Chile

The Chilean non-electric motor handtools market shrank rapidly to $X in 2022, with a decrease of -30.6% 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, consumption, however, saw a noticeable increase. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Non-Electric Motor Handtools Exports

Exports from Chile

In 2022, shipments abroad of handtools, hydraulic or with a self-contained non-electric motor decreased by -26.4% to X units, falling for the third year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 270%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric motor handtools exports surged to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 116%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uruguay (X units), Argentina (X units) and Peru (X units) were the main destinations of non-electric motor handtools exports from Chile, together comprising 69% of total exports. The United States, Switzerland, Australia, Ecuador, Bolivia and the Dominican Republic lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +484.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric motor handtools exported from Chile were Argentina ($X), Switzerland ($X) and Uruguay ($X), with a combined 55% share of total exports. Australia, the United States, Peru, Bolivia, Ecuador and the Dominican Republic lagged somewhat behind, together accounting for a further 29%.

Australia, with a CAGR of +392.8%, 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 non-electric motor handtools export price stood at $X per unit in 2022, increasing by 85% against the previous year. In general, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2016 an increase of 127% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Bolivia ($X per unit), while the average price for exports to the Dominican Republic ($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 Switzerland (+414.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Chile

In 2022, imports of handtools, hydraulic or with a self-contained non-electric motor into Chile dropped markedly to X units, declining by -38.7% against 2021 figures. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 167%. As a result, imports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, non-electric motor handtools imports plummeted to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +63.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 118% against the previous year. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Chile, with a 89% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Brazil (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Brazil (-5.7% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Chile, comprising 58% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by Brazil, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.3% per year) and Brazil (-4.1% per year).

Import Prices by Country

In 2022, the average non-electric motor handtools import price amounted to $X per unit, increasing by 23% against the previous year. Overall, the import price, however, showed a perceptible downturn. The growth pace was the most rapid in 2020 when the average import price increased by 47%. The import price peaked at $X per unit in 2014; however, from 2015 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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