Chile: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Chile

In 2021, the Chilean market for machines for preparing, weaving and knitting textiles increased by 96% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a perceptible expansion. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Chile

In 2021, after four years of decline, there was significant growth in overseas shipments of machines for preparing, weaving and knitting textiles, when their volume increased by 71% to X units. In general, exports, however, saw a abrupt curtailment. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports surged to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X units), the Czech Republic (X units) and China (X units) were the main destinations of textile weaving and knitting machinery exports from Chile, together accounting for 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +19.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X) emerged as the key foreign market for machines for preparing, weaving and knitting textiles exports from Chile, comprising 47% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports. It was followed by Peru, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.6% per year) and Peru (-15.8% per year).

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, rising by 13% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, textile weaving and knitting machinery export price decreased by -13.0% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 121%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to India ($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 Peru (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Chile

In 2021, supplies from abroad of machines for preparing, weaving and knitting textiles increased by 71% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, saw a pronounced reduction. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Spain (X units) were the main suppliers of textile weaving and knitting machinery imports to Chile, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +16.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Spain ($X) appeared to be the largest textile weaving and knitting machinery suppliers to Chile, together accounting for 67% of total imports.

Spain, with a CAGR of +18.0%, recorded the highest growth rate of 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 import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, with an increase of 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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