Chile: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Chile

For the third year in a row, the Chilean market for plastics pipes and pipe fittings recorded decline in sales value, which decreased by -0.4% to $X in 2022. Over the period under review, consumption, however, recorded a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Chile

In value terms, plastics pipe and pipe fitting production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 with an increase of 12% against the previous year. Plastics pipe and pipe fitting production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Chile

After two years of growth, overseas shipments of plastics pipes and pipe fittings decreased by -10.6% to X tons in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, plastics pipe and pipe fitting exports reduced to $X in 2022. Over the period under review, exports showed a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons), Peru (X tons) and Uruguay (X tons) were the main destinations of plastics pipe and pipe fitting exports from Chile, with a combined 83% share of total exports. Cuba, Colombia, Paraguay, Ecuador, Bolivia and Brazil lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of +57.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Peru ($X) and Uruguay ($X) were the largest markets for plastics pipe and pipe fitting exported from Chile worldwide, together comprising 74% of total exports. Cuba, Colombia, Paraguay, Bolivia, Ecuador and Brazil lagged somewhat behind, together comprising a further 16%.

Cuba, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 Brazil ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastics Pipes And Pipe Fittings

Imports into Chile

In 2022, overseas purchases of plastics pipes and pipe fittings decreased by -10.7% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.9% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, plastics pipe and pipe fitting imports expanded significantly to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2016 indices. The pace of growth was the most pronounced in 2019 when imports increased by 20%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastics pipe and pipe fitting to Chile, with a 59% share of total imports. Moreover, plastics pipe and pipe fitting imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.3% per year) and Italy (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of plastics pipes and pipe fittings to Chile, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 10% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.9% per year) and Italy (+1.2% per year).

Import Prices by Country

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, with an increase of 21% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+53.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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