Chile: Multimeter Market 2025

Multimeter Market Size in Chile

The Chilean multimeter market declined notably to $X in 2022, with a decrease of -22.4% 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). Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Multimeter consumption peaked at $X in 2021, and then declined markedly in the following year.

Multimeter Exports

Exports from Chile

In 2022, shipments abroad of multimeters decreased by -84.3% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a slight setback. The growth pace was the most rapid in 2014 when exports increased by 184% against the previous year. The exports peaked at X units in 2021, and then shrank notably in the following year.

In value terms, multimeter exports declined significantly to $X in 2022. Over the period under review, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 207%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Switzerland (X units) was the main destination for multimeter exports from Chile, accounting for a 51% share of total exports. Moreover, multimeter exports to Switzerland exceeded the volume sent to the second major destination, Peru (X units), threefold. The UK (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland amounted to +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-11.8% per year) and the UK (+12.3% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for multimeters exports from Chile, comprising 50% of total exports. The second position in the ranking was taken by Peru ($X), with a 15% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-12.9% per year) and the UK (+11.3% per year).

Export Prices by Country

In 2022, the average multimeter export price amounted to $X per unit, reducing by -12.9% against the previous year. Over the period under review, the export price showed a slight downturn. The growth pace was the most rapid in 2021 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bolivia ($X per unit) and Mexico ($X per unit), while the average price for exports to Peru ($X per unit) and the UK ($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 Spain (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Multimeter Imports

Imports into Chile

In 2022, multimeter imports into Chile shrank to X units, which is down by -7.4% against the previous year's figure. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, multimeter imports reduced rapidly to $X in 2022. Overall, imports recorded a slight curtailment. The growth pace was the most rapid in 2017 when imports increased by 41%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of multimeter imports to Chile, with a combined 83% share of total imports. Sweden, Italy, Malaysia, Spain, Mexico, India and France lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest multimeter suppliers to Chile were China ($X), the United States ($X) and Germany ($X), together comprising 73% of total imports. Sweden, Italy, Malaysia, Spain, Mexico, India and France lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Sweden, with a CAGR of +32.3%, recorded the highest rates of growth with regard to 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 multimeter import price amounted to $X per unit, declining by -24.3% against the previous year. Overall, the import price showed a deep setback. The growth pace was the most rapid in 2017 an increase of 18%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per unit) and Sweden ($X per unit), while the price for Mexico ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-11.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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