Chile: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Chile

The Chilean metal link chain parts market shrank to $X in 2021, waning by -6.4% 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 saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Chile

In 2021, the amount of iron or steel parts of articulated link chain exported from Chile soared to X tons, with an increase of 177% compared with 2020. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,848% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 521% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X tons) was the main destination for metal link chain parts exports from Chile, accounting for a 89% share of total exports. Moreover, metal link chain parts exports to Bolivia exceeded the volume sent to the second major destination, Argentina (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia amounted to +84.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+80.3% per year) and the United States (-51.2% per year).

In value terms, Bolivia ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Chile, comprising 85% of total exports. The second position in the ranking was held by Argentina ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+67.8% per year) and the United States (-48.8% per year).

Export Prices by Country

The average metal link chain parts export price stood at $X per ton in 2021, with an increase of 5.7% against the previous year. Overall, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 the United States (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Chile

In 2021, the amount of iron or steel parts of articulated link chain imported into Chile was estimated at X tons, growing by 12% on 2020 figures. In general, imports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 75%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal link chain parts imports to Chile, together accounting for 71% of total imports. Peru, the United States, Finland, Argentina and Brazil lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +114.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts suppliers to Chile were Germany ($X), the United States ($X) and Italy ($X), together accounting for 61% of total imports. These countries were followed by China, Peru, Finland, Argentina and Brazil, which together accounted for a further 27%.

Peru, with a CAGR of +117.4%, saw 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

In 2021, the average metal link chain parts import price amounted to $X per ton, with an increase of 2.9% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal link chain parts import price increased by +14.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 91%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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