Chile: Laser Market 2024

Laser Market Size in Chile

In 2021, the Chilean laser market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Laser consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Laser Exports

Exports from Chile

After two years of decline, overseas shipments of lasers, other than laser diodes increased by 113% to X units in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 395%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, laser exports surged to $X in 2021. Overall, exports enjoyed a significant increase. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units) was the main destination for laser exports from Chile, accounting for a 62% share of total exports. Moreover, laser exports to Bolivia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Argentina (X units), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+52.8% per year) and Argentina (+14.2% per year).

In value terms, the United States ($X) remains the key foreign market for laser exports from Chile, comprising 97% of total exports. The second position in the ranking was held by Bolivia ($X), with a 2.5% share of total exports. It was followed by Argentina, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+0.5% per year) and Argentina (-12.4% per year).

Export Prices by Country

In 2021, the average laser export price amounted to $X per unit, surging by 156% against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 313%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+10,511.4%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into Chile

In 2021, supplies from abroad of lasers, other than laser diodes increased by 12% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 when imports increased by 62%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, laser imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of laser imports to Chile, together accounting for 77% of total imports. Taiwan (Chinese), the UK, the Netherlands and Spain lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest laser suppliers to Chile were the United States ($X), China ($X) and the UK ($X), together accounting for 63% of total imports. Taiwan (Chinese), Germany, Spain and the Netherlands lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +63.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average laser import price stood at $X per unit in 2021, jumping by 53% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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