Chile: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Chile

After two years of decline, the Chilean mechanical shovel and excavator market increased by 117% to $X in 2021. Overall, consumption, however, continues to indicate a pronounced curtailment. Mechanical shovel and excavator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Chile

In value terms, mechanical shovel and excavator production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a deep reduction. Mechanical shovel and excavator production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Chile

Mechanical shovel and excavator exports from Chile fell markedly to X units in 2021, dropping by -20.3% compared with the year before. Over the period under review, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 70% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports reduced slightly to $X in 2021. In general, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X units), the United States (X units) and Bolivia (X units) were the main destinations of mechanical shovel and excavator exports from Chile, with a combined 66% share of total exports. These countries were followed by Argentina, Australia, Mexico, South Africa, Canada, Colombia, Brazil and Paraguay, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +36.1%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Peru ($X) and Argentina ($X) constituted the largest markets for mechanical shovel and excavator exported from Chile worldwide, with a combined 58% share of total exports.

Australia, with a CAGR of +68.2%, saw the highest rates of growth with regard to 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 mechanical shovel and excavator export price stood at $X per unit in 2021, with an increase of 22% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Paraguay ($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 South Africa (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Chile

In 2021, purchases abroad of mechanical shovels, excavators and shovel loaders increased by 151% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a slight shrinkage. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a perceptible slump. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Brazil (X units) were the main suppliers of mechanical shovel and excavator imports to Chile, with a combined 61% share of total imports. These countries were followed by Japan, South Korea, the Czech Republic, Italy, France, Germany and the UK, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +10.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator suppliers to Chile were Brazil ($X), the United States ($X) and China ($X), with a combined 60% share of total imports. Japan, Germany, South Korea, Italy, France, the Czech Republic and the UK lagged somewhat behind, together accounting for a further 31%.

The Czech Republic, with a CAGR of +12.6%, saw 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 mechanical shovel and excavator import price amounted to $X per unit, with a decrease of -23% against the previous year. Over the period under review, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of 20%. As a result, import price reached the peak level of $X per unit. From 2014 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, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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