Chile: Other Chemical Products Market 2024

Other Chemical Products Market Size in Chile

The Chilean other chemical products market amounted to less than $X in 2022, almost unchanged from the previous year. Overall, consumption continues to indicate a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Other Chemical Products Production in Chile

In value terms, other chemical products production amounted to less than $X in 2022 estimated in export price. Overall, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.2% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Other Chemical Products Exports

Exports from Chile

In 2016, the amount of other chemical products exported from Chile skyrocketed to X tons, with an increase of 22% compared with the previous year's figure. Overall, exports, however, continue to indicate a perceptible slump. The exports peaked at X tons in 2013; however, from 2014 to 2016, the exports failed to regain momentum.

In value terms, other chemical products exports amounted to $X in 2016. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

Peru (X tons), Brazil (X tons) and Argentina (X tons) were the main destinations of other chemical products exports from Chile, together comprising 76% of total exports. Mexico, Bolivia, Ecuador and the Netherlands lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +31.7%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the key foreign market for other chemical products exports from Chile, comprising 49% of total exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total exports. It was followed by Argentina, with a 13% share.

From 2012 to 2016, the average annual growth rate of value to Peru totaled +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-12.0% per year) and Argentina (-15.6% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, declining by -14.3% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Chile

For the third consecutive year, Chile recorded growth in purchases abroad of other chemical products, which increased by 10% to X tons in 2016. The total import volume increased at an average annual rate of +6.0% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure in 2016 and are likely to continue growth in the near future.

In value terms, other chemical products imports reduced rapidly to $X in 2016. Overall, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2014 when imports increased by 13% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2016, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2016, the United States (X tons) constituted the largest other chemical products supplier to Chile, accounting for a 39% share of total imports. Moreover, other chemical products imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 9.5% share.

From 2012 to 2016, the average annual growth rate of volume from the United States stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+28.6% per year) and China (+15.0% per year).

In value terms, the United States ($X) constituted the largest supplier of other chemical products to Chile, comprising 33% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Ireland, with an 11% share.

From 2012 to 2016, the average annual growth rate of value from the United States totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.2% per year) and Ireland (-15.4% per year).

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, reducing by -23.1% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of less than 0.1%. As a result, import price attained the peak level of $X per ton. From 2014 to 2016, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by South Africa (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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