Chile: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Chile

In 2022, the Chilean confectionery-making industrial machinery market increased by 1.4% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, consumption saw a resilient increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Confectionery-Making Industrial Machinery Production in Chile

In value terms, confectionery-making industrial machinery production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a deep contraction. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Confectionery-Making Industrial Machinery Exports

Exports from Chile

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported from Chile; with an increase of 314% compared with 2021. Overall, exports showed a pronounced expansion. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, confectionery-making industrial machinery exports soared to $X in 2022. In general, exports enjoyed a measured expansion. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for confectionery-making industrial machinery exports from Chile, with a 49% share of total exports. Moreover, confectionery-making industrial machinery exports to Argentina exceeded the volume sent to the second major destination, Mexico (X units), twofold. Australia (X units) ranked third in terms of total exports with a 22% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.8% per year) and Australia (-10.4% per year).

In value terms, Argentina ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Chile, comprising 50% of total exports. The second position in the ranking was taken by Mexico ($X), with a 24% share of total exports. It was followed by Australia, with a 22% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.0% per year) and Australia (-8.9% per year).

Export Prices by Country

In 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, dropping by -13.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2014 an increase of 23% against the previous year. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and Argentina ($X per unit), while the average price for exports to Ecuador ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into Chile

In 2022, overseas purchases of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 28% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 302%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, confectionery-making industrial machinery imports surged to $X in 2022. In general, imports enjoyed modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by 303%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and Denmark (X units) were the main suppliers of confectionery-making industrial machinery imports to Chile, together accounting for 75% of total imports. Turkey, Germany, Argentina and Belgium lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +59.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery suppliers to Chile were Italy ($X), China ($X) and Turkey ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +55.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average confectionery-making industrial machinery import price amounted to $X per unit, reducing by -6.4% against the previous year. In general, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2014 an increase of 18%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and China ($X per unit), while the price for Belgium ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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