Chile: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Chile

The Chilean machine-tool for drilling market contracted to $X in 2022, which is down by -5.8% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Machine-Tool For Drilling Production in Chile

In value terms, machine-tool for drilling production shrank sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 3,032% against the previous year. Machine-tool for drilling production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from Chile

For the fourth year in a row, Chile recorded growth in overseas shipments of machine-tools for drilling, boring or milling metal, which increased by 131% to X units in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 791%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, machine-tool for drilling exports soared to $X in 2022. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 464%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for machine-tool for drilling exports from Chile, with a 91% share of total exports. Moreover, machine-tool for drilling exports to Bolivia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+62.0% per year) and Peru (+7.2% per year).

In value terms, the largest markets for machine-tool for drilling exported from Chile were Peru ($X), Bolivia ($X) and the United States ($X), with a combined 93% share of total exports.

The United States, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, falling by -42.5% against the previous year. In general, the export price recorded a sharp contraction. The growth pace was the most rapid in 2016 when the average export price increased by 141%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+7.1%), while the prices for the other major destinations experienced a decline.

Machine-Tool For Drilling Imports

Imports into Chile

In 2022, machine-tool for drilling imports into Chile surged to X units, with an increase of 23% against 2021. Over the period under review, imports continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, machine-tool for drilling imports totaled $X in 2022. In general, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 73% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine-tool for drilling to Chile, with a 90% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.5% share of total imports. Turkey (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.3% per year) and Turkey (+32.8% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Chile, comprising 73% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 3.5% share of total imports. It was followed by Turkey, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.8% per year) and Turkey (+12.0% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, dropping by -15.2% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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