Chile: Insulating Board Market 2024

Insulating Board Market Size in Chile

The Chilean insulating board market was estimated at $X in 2022, remaining stable against the previous year. Overall, consumption, however, recorded a perceptible descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Insulating Board Production in Chile

In value terms, insulating board production stood at $X in 2022 estimated in export price. In general, production, however, showed a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 7.2%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Insulating Board Exports

Exports from Chile

In 2022, approx. X cubic meters of insulating board were exported from Chile; remaining relatively unchanged against the previous year's figure. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 49% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, insulating board exports skyrocketed to $X in 2022. Over the period under review, exports faced a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 65%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X cubic meters) was the main destination for insulating board exports from Chile, accounting for a 94% share of total exports. Moreover, insulating board exports to the United States exceeded the volume sent to the second major destination, Canada (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -20.2%.

In value terms, the United States ($X) remains the key foreign market for insulating board exports from Chile, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -18.4%.

Export Prices by Country

In 2022, the average insulating board export price amounted to $X per cubic meter, with an increase of 44% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insulating board export price increased by +80.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Canada stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Board Imports

Imports into Chile

In 2022, supplies from abroad of insulating board increased by 36% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 1,034%. As a result, imports attained the peak of X cubic meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, insulating board imports rose rapidly to $X in 2022. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 676%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest supplier of insulating board to Chile, accounting for a 72% share of total imports. Moreover, insulating board imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X cubic meters), fivefold. The third position in this ranking was taken by China (X cubic meters), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+59.1% per year) and China (-14.0% per year).

In value terms, Germany ($X) constituted the largest supplier of insulating board to Chile, comprising 56% of total imports. The second position in the ranking was taken by Spain ($X), with a 22% share of total imports. It was followed by China, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+113.5% per year) and China (-14.5% per year).

Import Prices by Country

The average insulating board import price stood at $X per cubic meter in 2022, declining by -19.2% against the previous year. Over the period under review, the import price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of 143%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2021, and then declined markedly in the following year.

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 Spain ($X per cubic meter), while the price for Argentina ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+57.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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