Chile: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Chile

The Chilean market for in-hand motor grinders, sanders and planers soared to $X in 2021, growing by 179% 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). In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Chile

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 25% to X units, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of 250%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of in-hand motor grinders, sanders and planers rose sharply to $X in 2021. In general, exports showed a measured increase. The growth pace was the most rapid in 2020 when exports increased by 302% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Argentina (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Chile, with a 53% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Argentina exceeded the volume sent to the second major destination, Peru (X units), twofold. The third position in this ranking was held by Bolivia (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled +79.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+4.9% per year) and Bolivia (-4.4% per year).

In value terms, Peru ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Chile, comprising 51% of total exports. The second position in the ranking was taken by Argentina ($X), with a 23% share of total exports. It was followed by Bolivia, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+55.6% per year) and Bolivia (-6.7% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with a decrease of -10% against the previous year. Over the period under review, the export price recorded a drastic downturn. The growth pace was the most rapid in 2017 when the average export price increased by 19%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Peru ($X per unit), while the average price for exports to Bahamas ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Chile

In 2021, approx. X units of in-hand motor grinders, sanders and planers were imported into Chile; growing by 178% on the previous year's figure. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of electromechanical tools for working in the hand, with self-contained electric motor to Chile, accounting for a 92% share of total imports. It was followed by Brazil (X units), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.9%.

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Chile, comprising 79% of total imports. The second position in the ranking was held by Brazil ($X), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.0%.

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, which is down by -2.6% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for in-hand motor grinders, sanders and planers decreased by -27.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 73% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%).

Source: IndexBox Platform

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