Chile: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Chile

In 2021, the Chilean market for parts of harvester and threshers decreased by -3.8% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Chile

Parts of harvester and threshers exports from Chile surged to X units in 2021, growing by 25% on the previous year. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 145% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, parts of harvester and threshers exports soared to $X in 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 120% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Peru (X units) was the main destination for parts of harvester and threshers exports from Chile, with a 52% share of total exports. Moreover, parts of harvester and threshers exports to Peru exceeded the volume sent to the second major destination, France (X units), threefold. Argentina (X units) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Peru amounted to +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+37.5% per year) and Argentina (+58.8% per year).

In value terms, Peru ($X) remains the key foreign market for parts of harvester and threshers exports from Chile, comprising 62% of total exports. The second position in the ranking was held by Argentina ($X), with an 18% share of total exports. It was followed by France, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru stood at +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+56.2% per year) and France (+19.6% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, approximately equating the previous year. In general, the export price recorded a slight decrease. The growth pace was the most rapid in 2017 when the average export price increased by 79% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Ecuador ($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 Uruguay (+10.5%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Harvester And Threshers

Imports into Chile

In 2021, purchases abroad of parts of harvester and threshers decreased by -2.5% to X units, falling for the second year in a row after three years of growth. In general, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.5% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 43%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, parts of harvester and threshers imports contracted to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.1% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 33% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), Germany (X units) and Italy (X units) were the main suppliers of parts of harvester and threshers imports to Chile, with a combined 56% share of total imports. These countries were followed by China, France, Brazil, Poland, Spain, New Zealand, Uruguay and Belgium, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +25.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to Chile were the United States ($X), Italy ($X) and Germany ($X), together comprising 62% of total imports. France, Spain, China, New Zealand, Uruguay, Poland, Brazil and Belgium lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, China, with a CAGR of +23.8%, 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 2021, the average import price for parts of harvester and threshers amounted to $X per unit, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, 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 New Zealand ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform