Chile: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Chile

For the fifth consecutive year, the Chilean numerically controlled drilling machine market recorded growth in sales value, which increased by 1% to $X in 2021. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Production of Numerically Controlled Drilling Machines For Working Metal in Chile

In value terms, numerically controlled drilling machine production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Chile

Numerically controlled drilling machine exports from Chile surged to X tons in 2021, rising by 20% against the year before. Overall, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by 92%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, numerically controlled drilling machine exports soared to $X in 2021. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 74%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Uruguay (X tons), Peru (X tons) and Bolivia (X tons) were the main destinations of numerically controlled drilling machine exports from Chile, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uruguay (with a CAGR of +193.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for numerically controlled drilling machine exported from Chile were Bolivia ($X), Peru ($X) and Uruguay ($X), together accounting for 97% of total exports.

In terms of the main countries of destination, Uruguay, with a CAGR of +197.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 60% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Uruguay ($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 Bolivia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Chile

In 2021, numerically controlled drilling machine imports into Chile surged to X tons, picking up by 327% against the previous year. Overall, imports, however, saw a abrupt decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest numerically controlled drilling machine supplier to Chile, accounting for a 49% share of total imports. Moreover, numerically controlled drilling machine imports from Japan exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.3% per year) and Italy (-17.8% per year).

In value terms, Japan ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Chile, comprising 83% of total imports. The second position in the ranking was held by Italy ($X), with a 7.9% share of total imports. It was followed by Brazil, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.4% per year) and Brazil (+2.5% per year).

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, rising by 3.3% against the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 52%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Sweden ($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 (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :