Chile: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Chile

After two years of decline, the Chilean machine-tool for working metal market increased by 167% to $X in 2021. In general, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Machine Tools For Working Metal in Chile

In value terms, machine-tool for working metal production expanded sharply to $X in 2021 estimated in export price. Overall, production showed a notable increase. The pace of growth was the most pronounced in 2015 with an increase of 68% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Chile

Machine-tool for working metal exports from Chile contracted markedly to X units in 2021, with a decrease of -79.2% against 2020 figures. Overall, exports, however, saw strong growth. The pace of growth was the most pronounced in 2013 with an increase of 328%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports plummeted to $X in 2021. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 328% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Peru (X units) was the main destination for machine-tool for working metal exports from Chile, with a 26% share of total exports. Moreover, machine-tool for working metal exports to Peru exceeded the volume sent to the second major destination, Bolivia (X units), twofold. The third position in this ranking was taken by the Dominican Republic (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+3.5% per year) and the Dominican Republic (+28.6% per year).

In value terms, Peru ($X), Bolivia ($X) and Canada ($X) were the largest markets for machine-tool for working metal exported from Chile worldwide, together accounting for 42% of total exports. Vietnam, China, the Dominican Republic, India, Argentina, Morocco, the United States, Uruguay and Spain lagged somewhat behind, together accounting for a further 30%.

The Dominican Republic, with a CAGR of +74.2%, recorded 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

The average machine-tool for working metal export price stood at $X per unit in 2021, jumping by 169% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Uruguay ($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 Canada (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Chile

In 2021, supplies from abroad of machine tools for working metal was finally on the rise to reach X units after two years of decline. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2021. Overall, imports showed mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of machine-tool for working metal to Chile, accounting for a 96% share of total imports. It was followed by the United States (X units), with a 0.8% share of total imports. The third position in this ranking was taken by Spain (X units), with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.6% per year) and Spain (-23.0% per year).

In value terms, the United States ($X), China ($X) and Spain ($X) appeared to be the largest machine-tool for working metal suppliers to Chile, with a combined 73% share of total imports.

The United States, with a CAGR of +21.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 machine-tool for working metal import price amounted to $X per unit, which is down by -10.7% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 23%. The import price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for China ($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 United States (+57.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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