Chile: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Chile

The Chilean industrial sewing machine market declined dramatically to $X in 2022, waning by -33% 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, recorded resilient growth. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Industrial Sewing Machine Exports

Exports from Chile

In 2022, after three years of growth, there was significant decline in shipments abroad of industrial sewing machines, when their volume decreased by -29.7% to X units. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 288% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial sewing machine exports shrank rapidly to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 152% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for industrial sewing machine exports from Chile, with a 96% share of total exports. It was followed by Paraguay (X units), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-19.7% per year) and Peru (-42.9% per year).

In value terms, Bolivia ($X) remains the key foreign market for industrial sewing machines exports from Chile, comprising 91% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-21.5% per year) and Peru (-34.1% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, surging by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 115% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Peru ($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 Peru (+15.4%), while the prices for the other major destinations experienced a decline.

Industrial Sewing Machine Imports

Imports into Chile

In 2022, approx. X units of industrial sewing machines were imported into Chile; with a decrease of -25.1% on the year before. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, industrial sewing machine imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 127%. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Chile, accounting for a 78% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was held by Vietnam (X units), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+20.3% per year) and Vietnam (+35.5% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Chile, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with a 3.9% share of total imports. It was followed by Vietnam, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.1% per year) and Vietnam (+36.0% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, which is down by -23% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 27%. The import price peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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