Chile: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Chile

The Chilean milling industry machinery market reduced sharply to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Milling Industry Machinery Production in Chile

In value terms, milling industry machinery production declined markedly to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Milling Industry Machinery Exports

Exports from Chile

In 2022, overseas shipments of milling industry machinery decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, milling industry machinery exports dropped sharply to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X units), Spain (X units) and Paraguay (X units) were the main destinations of milling industry machinery exports from Chile, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Bolivia ($X) remains the key foreign market for milling industry machinery exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Peru, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average milling industry machinery export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate measured growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Milling Industry Machinery Imports

Imports into Chile

In 2022, imports of milling industry machinery into Chile reduced notably to X units, which is down by X% against the year before. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, milling industry machinery imports shrank rapidly to $X in 2022. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest milling industry machinery supplier to Chile, accounting for a X% share of total imports. Moreover, milling industry machinery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, the largest milling industry machinery suppliers to Chile were China ($X), Turkey ($X) and the United States ($X), with a combined X% share of total imports. Germany, Austria, Spain, Italy, Taiwan (Chinese), Brazil and Switzerland lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the average milling industry machinery import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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