Chile: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Chile

The Chilean market for plastic hoses and hose fittings skyrocketed to $X in 2021, jumping by 65% 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). Overall, consumption recorded a buoyant increase. Plastic hose and hose fitting consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Plastic Hoses and Hose Fittings

Exports from Chile

In 2021, overseas shipments of plastic hoses and hose fittings decreased by -12.4% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 89%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports fell to $X in 2021. In general, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of 92% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons), Argentina (X tons) and Colombia (X tons) were the main destinations of plastic hose and hose fitting exports from Chile, with a combined 90% share of total exports. These countries were followed by the United States, Mexico, Brazil and Ecuador, which together accounted for a further 6.2%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +164.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic hose and hose fitting exported from Chile were Argentina ($X), Peru ($X) and the United States ($X), together comprising 84% of total exports. These countries were followed by Colombia, Mexico, Brazil and Ecuador, which together accounted for a further 10%.

In terms of the main countries of destination, Mexico, with a CAGR of +117.4%, recorded 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 export price for plastic hoses and hose fittings stood at $X per ton in 2021, increasing by 4.4% against the previous year. In general, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 50%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to Peru ($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 Brazil (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Hoses and Hose Fittings

Imports into Chile

In 2021, supplies from abroad of plastic hoses and hose fittings increased by 30% to X tons, rising for the seventh consecutive year after two years of decline. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting imports surged to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 increased by +87.5% against 2015 indices. 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 supplier of plastic hose and hose fitting to Chile, accounting for a 38% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+29.3% per year) and Brazil (+22.9% per year).

In value terms, China ($X) constituted the largest supplier of plastic hoses and hose fittings to Chile, comprising 29% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.0% per year) and the United States (-0.4% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, rising by 5.9% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2013 when the average import price increased by 7.2% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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