Chile: Relay Market 2024

Relay Market Size in Chile

After two years of growth, the Chilean relay market decreased by -5% to $X in 2022. Over the period under review, consumption recorded a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 8.6%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Relay Production in Chile

In value terms, relay production contracted to $X in 2022 estimated in export price. In general, production faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Relay Exports

Exports from Chile

In 2022, the amount of relays exported from Chile rose notably to X units, increasing by 9.8% against the previous year's figure. In general, exports, however, saw a mild contraction. The pace of growth was the most pronounced in 2019 with an increase of 1,054%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, relay exports rose sharply to $X in 2022. Over the period under review, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 511% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X units), Bolivia (X units) and the United States (X units) were the main destinations of relay exports from Chile, together comprising 76% of total exports. Denmark, Argentina, Brazil, Spain and Uruguay lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +100.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Bolivia ($X) and the United States ($X) appeared to be the largest markets for relay exported from Chile worldwide, with a combined 63% share of total exports. Brazil, Denmark, Spain, Argentina and Uruguay lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Denmark, with a CAGR of +133.0%, 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 2022, the average relay export price amounted to $X per unit, falling by -2.6% against the previous year. In general, the export price recorded a perceptible setback. The pace of growth was the most pronounced in 2020 an increase of 82%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, 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 Brazil ($X per unit), while the average price for exports to Bolivia ($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 Denmark (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Chile

In 2022, imports of relays into Chile stood at X units, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, relay imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of relay to Chile, accounting for a 45% share of total imports. Moreover, relay imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Germany (+1.6% per year).

In value terms, the United States ($X), Brazil ($X) and Germany ($X) were the largest relay suppliers to Chile, with a combined 39% share of total imports. China, France, Italy, Spain, Japan and South Korea lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Italy, with a CAGR of +1.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, shrinking by -6.1% against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. Over the period under review, average import prices reached the maximum 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 the United States ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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