Chile: Machinery For Packing Market 2024

Machinery For Packing Market Size in Chile

In 2022, after three years of growth, there was significant decline in the Chilean machinery for packing market, when its value decreased by -16.8% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Machinery For Packing Exports

Exports from Chile

In 2022, machinery for packing exports from Chile declined to X units, waning by -7.9% against the previous year. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 102%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, machinery for packing exports contracted notably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 106%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Brazil (X units) was the main destination for machinery for packing exports from Chile, accounting for a 69% share of total exports. Moreover, machinery for packing exports to Brazil exceeded the volume sent to the second major destination, Colombia (X units), ninefold. Bolivia (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +61.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-14.7% per year) and Bolivia (+5.9% per year).

In value terms, Brazil ($X) remains the key foreign market for machinery for packing or wrapping exports from Chile, comprising 69% of total exports. The second position in the ranking was held by Colombia ($X), with an 8.1% share of total exports. It was followed by Bolivia, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at +59.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-15.6% per year) and Bolivia (+4.9% per year).

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, with a decrease of -15.9% against the previous year. In general, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 13%. The export price peaked at $X per unit in 2021, and then reduced notably in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Argentina ($X per unit) and Costa Rica ($X per unit), while the average price for exports to the United States ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.6%), while the prices for the other major destinations experienced a decline.

Machinery For Packing Imports

Imports into Chile

In 2022, approx. X units of machinery for packing or wrapping were imported into Chile; declining by -13.6% compared with the year before. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, machinery for packing imports reduced remarkably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and Spain (X units) were the main suppliers of machinery for packing imports to Chile, with a combined 61% share of total imports. China, Brazil, the United States, the Netherlands, France, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Spain ($X) were the largest machinery for packing suppliers to Chile, with a combined 61% share of total imports. China, Brazil, the United States, the Netherlands, France, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, the Netherlands, with a CAGR of +16.2%, saw 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 2022, the average machinery for packing import price amounted to $X per unit, waning by -3.7% against the previous year. Overall, the import price recorded a slight slump. The pace of growth was the most pronounced in 2020 an increase of 9.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :