Chile: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Chile

In 2021, the Chilean iron or steel towers market decreased by -6.5% to $X for the first time since 2014, thus ending a six-year rising trend. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.3% against 2012 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Iron Or Steel Towers And Lattice Masts in Chile

In value terms, iron or steel towers production dropped to $X in 2021 estimated in export price. Overall, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Chile

For the fifth year in a row, Chile recorded decline in shipments abroad of iron or steel towers and lattice masts, which decreased by -79.6% to X tons in 2021. Over the period under review, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2016 with an increase of 245%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel towers exports dropped remarkably to $X in 2021. Overall, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2016 when exports increased by 300% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for iron or steel towers exports from Chile, accounting for a 75% share of total exports. Moreover, iron or steel towers exports to Peru exceeded the volume sent to the second major destination, China (X tons), eightfold. The Dominican Republic (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to -27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-27.0% per year) and the Dominican Republic (-36.5% per year).

In value terms, Peru ($X) remains the key foreign market for iron or steel towers and lattice masts exports from Chile, comprising 84% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 9% share of total exports. It was followed by China, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Peru totaled -28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-39.4% per year) and China (-37.8% per year).

Export Prices by Country

The average iron or steel towers export price stood at $X per ton in 2021, which is down by -27.5% against the previous year. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Nicaragua ($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 Trinidad and Tobago (+29.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Chile

In 2021, the amount of iron or steel towers and lattice masts imported into Chile plummeted to X tons, waning by -15.8% on 2020. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 325%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, iron or steel towers imports dropped remarkably to $X in 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when imports increased by 246% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of iron or steel towers to Chile, with a 50% share of total imports. Moreover, iron or steel towers imports from Vietnam exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. India (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+1.3% per year) and India (-2.9% per year).

In value terms, Vietnam ($X) constituted the largest supplier of iron or steel towers and lattice masts to Chile, comprising 47% of total imports. The second position in the ranking was held by Brazil ($X), with a 19% share of total imports. It was followed by India, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+1.2% per year) and India (+1.9% per year).

Import Prices by Country

The average iron or steel towers import price stood at $X per ton in 2021, shrinking by -8.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 29%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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