Chile: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Chile

In 2021, the Chilean filling containers machinery market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a noticeable setback. Filling containers machinery consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Filling Containers Machinery Production in Chile

In value terms, filling containers machinery production totaled $X in 2021 estimated in export price. Over the period under review, production showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 195%. Filling containers machinery production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Filling Containers Machinery Exports

Exports from Chile

In 2021, approx. X units of machinery for filling, closing, sealing, capsuling or labelling containers were exported from Chile; falling by -57% compared with 2020. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2019 when exports increased by 204%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports fell dramatically to $X in 2021. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 223% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X units) was the main destination for filling containers machinery exports from Chile, accounting for a 54% share of total exports. Moreover, filling containers machinery exports to Peru exceeded the volume sent to the second major destination, Argentina (X units), twofold. The UK (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to -23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-29.4% per year) and the UK (+20.0% per year).

In value terms, Argentina ($X) emerged as the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Chile, comprising 52% of total exports. The second position in the ranking was held by Peru ($X), with a 14% share of total exports. It was followed by Brazil, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-3.8% per year) and Brazil (+66.5% per year).

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, jumping by 19% against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 254% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Peru ($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 Brazil (+59.4%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Chile

In 2021, after two years of decline, there was significant growth in supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume increased by 90% to X units. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports soared to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 101% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of filling containers machinery imports to Chile, with a combined 77% share of total imports. These countries were followed by Germany, Brazil, Spain, France and Malaysia, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +62.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery suppliers to Chile were Italy ($X), Germany ($X) and China ($X), with a combined 64% share of total imports. Spain, Brazil, the United States, France and Malaysia lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Malaysia, with a CAGR of +21.3%, 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

In 2021, the average filling containers machinery import price amounted to $X per unit, declining by -18.6% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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