Chile: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Chile

For the fourth year in a row, the Chilean market for pulley tackle and hoists powered by an electric motor recorded growth in sales value, which increased by 4.8% to $X in 2022. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.7% against 2017 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Chile

In 2022, overseas shipments of pulley tackle and hoists powered by an electric motor increased by 38% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2016 when exports increased by 456% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. In general, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 127%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X units), Bolivia (X units) and Peru (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Chile, together comprising 74% of total exports. Moreover, exports of pulley tackle and hoists powered by an electric motor in the United States exceeded the figures recorded by the second-largest exporter, Bolivia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Bolivia ($X) and Peru ($X) constituted the largest markets for pulley tackle and hoists powered by an electric motor exported from Chile worldwide, with a combined 91% share of total exports. Uruguay, Germany, Argentina, Mexico, Colombia and Australia lagged somewhat behind, together comprising a further 8.6%.

Mexico, with a CAGR of +77.6%, recorded the highest growth rate of the value of exports, among 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 pulley tackle and hoists powered by an electric motor amounted to $X per unit, rising by 7.1% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 581%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+77.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Chile

In 2022, imports of pulley tackle and hoists powered by an electric motor into Chile soared to X units, jumping by 16% against 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of pulley tackle and hoists powered by an electric motor declined to $X in 2022. Overall, imports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2017 when imports increased by 43% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of pulley tackle and hoists powered by an electric motor to Chile, accounting for a 93% share of total imports. It was followed by the United States (X units), with a 1.6% share of total imports. The third position in this ranking was held by Japan (X units), with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.9% per year) and Japan (-13.7% per year).

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Chile, comprising 32% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.9% share of total imports. It was followed by Japan, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.1% per year) and Japan (-13.0% per year).

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, dropping by -23.5% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 73% against the previous year. The import price peaked at $X per unit 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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