Chile: Metal Link Chain Market 2024

Metal Link Chain Market Size in Chile

The Chilean metal link chain market soared to $X in 2021, rising by 37% 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). Over the period under review, consumption, however, recorded a perceptible reduction. Metal link chain consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Link Chain Exports

Exports from Chile

Metal link chain exports from Chile skyrocketed to X tons in 2021, growing by 24% against 2020 figures. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 166% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal link chain exports reduced to $X in 2021. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 89% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for metal link chain exports from Chile, with a 89% share of total exports. Moreover, metal link chain exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold. The third position in this ranking was held by Argentina (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+38.4% per year) and Argentina (-2.4% per year).

In value terms, Bolivia ($X) remains the key foreign market for iron or steel articulated link chain exports from Chile, comprising 81% of total exports. The second position in the ranking was taken by Argentina ($X), with an 8.1% share of total exports. It was followed by Paraguay, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+2.8% per year) and Paraguay (+20.5% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, falling by -24.8% against the previous year. Over the period under review, the export price recorded a deep contraction. The growth pace was the most rapid in 2016 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Argentina ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+5.3%), while the prices for the other major destinations experienced a decline.

Metal Link Chain Imports

Imports into Chile

For the third year in a row, Chile recorded growth in overseas purchases of iron or steel articulated link chain, which increased by 49% to X tons in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal link chain imports skyrocketed to $X in 2021. Overall, imports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Chile, with a 52% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by the United States (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-20.5% per year) and the United States (-9.8% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) constituted the largest metal link chain suppliers to Chile, with a combined 43% share of total imports.

Italy, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal link chain import price stood at $X per ton in 2021, falling by -15.2% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2015 an increase of 17% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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