Chile: Pump For Liquid Market 2024

Pump For Liquid Market Size in Chile

The Chilean pump for liquid market expanded sharply to $X in 2021, growing by 15% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.2% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Pump For Liquid Production in Chile

In value terms, pump for liquid production shrank slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 14%. Pump for liquid production peaked at $X in 2020, and then dropped modestly in the following year.

Pump For Liquid Exports

Exports from Chile

In 2021, after four years of decline, there was significant growth in overseas shipments of pumps for liquids and liquid elevators, when their volume increased by 105% to X units. Overall, exports enjoyed a noticeable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports declined markedly to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for pump for liquid exports from Chile, accounting for a 45% share of total exports. Moreover, pump for liquid exports to Colombia exceeded the volume sent to the second major destination, Bolivia (X units), threefold. Argentina (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-0.6% per year) and Argentina (-4.1% per year).

In value terms, Argentina ($X), Bolivia ($X) and the United States ($X) appeared to be the largest markets for pump for liquid exported from Chile worldwide, together comprising 50% of total exports. Spain, Peru, Uruguay and Colombia lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Spain, with a CAGR of +24.7%, saw 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

In 2021, the average pump for liquid export price amounted to $X per unit, reducing by -60.3% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 51% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 the United States ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.4%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Chile

In 2021, the amount of pumps for liquids and liquid elevators imported into Chile expanded sharply to X units, surging by 9.8% against 2020. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 80%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, pump for liquid imports surged to $X in 2021. Over the period under review, imports showed slight growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Chile, accounting for a 73% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.5% per year) and South Korea (+7.8% per year).

In value terms, the largest pump for liquid suppliers to Chile were the United States ($X), China ($X) and Italy ($X), together comprising 56% of total imports.

China, with a CAGR of +13.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pump for liquid import price amounted to $X per unit, with an increase of 15% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform