Chile: Radar Apparatus Market 2022

Radar Apparatus Market Size in Chile

The Chilean radar apparatus market rose remarkably to $X in 2021, growing by 13% 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). In general, consumption, however, saw a noticeable descent. Radar apparatus consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Radar Apparatus Exports

Exports from Chile

In 2021, the amount of radar apparatus exported from Chile surged to X tons, growing by 60% compared with the year before. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,043% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, radar apparatus exports contracted rapidly to $X in 2021. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 3,578% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for radar apparatus exports from Chile, with a 97% share of total exports. It was followed by Argentina (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +161.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+41.7% per year) and Brazil (-45.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for radar apparatus exports from Chile, comprising 77% of total exports. The second position in the ranking was held by Brazil ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +192.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-19.0% per year) and Argentina (+46.0% per year).

Export Prices by Country

In 2021, the average radar apparatus export price amounted to $X per ton, waning by -57.1% against the previous year. Overall, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 327% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+47.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Chile

In 2021, after two years of decline, there was significant growth in supplies from abroad of radar apparatus, when their volume increased by 35% to X tons. Over the period under review, imports, however, saw a noticeable setback. The growth pace was the most rapid in 2018 when imports increased by 72% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, radar apparatus imports dropped modestly to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 82%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of radar apparatus to Chile, accounting for a 35% share of total imports. Moreover, radar apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+123.4% per year) and Switzerland (+33.1% per year).

In value terms, Switzerland ($X), the United States ($X) and South Africa ($X) were the largest radar apparatus suppliers to Chile, with a combined 63% share of total imports. These countries were followed by Japan, Germany, Taiwan (Chinese), the Netherlands, Peru, China, France, Spain and Canada, which together accounted for a further 28%.

Among the main suppliers, Peru, with a CAGR of +129.5%, saw the highest growth rate of 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

The average radar apparatus import price stood at $X per ton in 2021, dropping by -27.3% against the previous year. Overall, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2019 an increase of 119%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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