Chile: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Chile

The Chilean rubber-to-metal and moulded article market skyrocketed to $X in 2021, rising by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Chile

In 2021, overseas shipments of rubber-to-metal and moulded articles increased by 59% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports reached $X in 2021. Overall, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 33%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for rubber-to-metal and moulded article exports from Chile, with a 53% share of total exports. Moreover, rubber-to-metal and moulded article exports to Peru exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. The third position in this ranking was held by Paraguay (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Peru totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+8.1% per year) and Paraguay (+18.7% per year).

In value terms, Peru ($X), Bolivia ($X) and Argentina ($X) were the largest markets for rubber-to-metal and moulded article exported from Chile worldwide, with a combined 73% share of total exports. Singapore, Indonesia, Paraguay, Brazil, Uruguay and Costa Rica lagged somewhat behind, together accounting for a further 16%.

Singapore, with a CAGR of +169.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, declining by -30.6% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, 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 Uruguay ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Chile

In 2021, the amount of rubber-to-metal and moulded articles imported into Chile soared to X tons, with an increase of 50% against 2020 figures. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest rubber-to-metal and moulded article supplier to Chile, with a 55% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.2% per year) and Taiwan (Chinese) (-2.1% per year).

In value terms, the largest rubber-to-metal and moulded article suppliers to Chile were the United States ($X), China ($X) and Sweden ($X), with a combined 59% share of total imports. Taiwan (Chinese), Germany, Italy, Spain, India, Malaysia and Thailand lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Malaysia, with a CAGR of +46.1%, 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 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, falling by -10.2% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2013 when the average import price increased by 10% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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