Chile: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Chile

The Chilean pneumatic linear acting actuator market soared to $X in 2022, growing by 22% 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 resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Chile

In 2022, after two years of growth, there was significant decline in overseas shipments of pneumatic linear acting actuators, when their volume decreased by -46.7% to X units. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 378% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports fell sharply to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 388%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X units) was the main destination for pneumatic linear acting actuator exports from Chile, accounting for a 50% share of total exports. Moreover, pneumatic linear acting actuator exports to Peru exceeded the volume sent to the second major destination, Argentina (X units), twofold. Brazil (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+8.3% per year) and Brazil (+4.0% per year).

In value terms, Peru ($X) remains the key foreign market for pneumatic linear acting actuators exports from Chile, comprising 50% of total exports. The second position in the ranking was taken by Argentina ($X), with a 25% share of total exports. It was followed by Brazil, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+10.1% per year) and Brazil (+6.0% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, increasing by 44% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The export price peaked at $X per unit in 2020; however, from 2021 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 highest price was recorded for prices to Argentina ($X per unit) and Mexico ($X per unit), while the average price for exports to Peru ($X per unit) and Bolivia ($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 Brazil (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Chile

In 2022, imports of pneumatic linear acting actuators into Chile skyrocketed to X units, growing by 18% against the previous year. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 61% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, pneumatic linear acting actuator imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), the United States (X units) and Brazil (X units) were the main suppliers of pneumatic linear acting actuator imports to Chile, with a combined 59% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to Chile were Germany ($X), the United States ($X) and Brazil ($X), with a combined 59% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +14.4%, 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 pneumatic linear acting actuator import price amounted to $X per unit, remaining stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 14%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Canada ($X per unit), while the price for Italy ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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