Chile: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Chile

In 2020, after two years of growth, there was significant decline in the Chilean market for iron, steel or aluminium reservoirs, tanks, vats and similar containers, when its value decreased by -X% to $X. In general, consumption, however, showed a mild expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then fell remarkably in the following year.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Chile

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported from Chile expanded sharply to X tons, surging by X% on 2019. Over the period under review, exports saw a perceptible expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports stood at $X in 2020. Overall, total exports indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Panama (X tons) was the main destination for iron, steel or aluminium reservoir exports from Chile, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Panama exceeded the volume sent to the second major destination, Peru (X tons), threefold. The U.S. (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Panama totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and the U.S. (-X% per year).

In value terms, Peru ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Peru totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, declining by -X% against the previous year. In general, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Peru ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Chile

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Chile; waning by -X% on the previous year. Over the period under review, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports shrank rapidly to $X in 2020. In general, imports, however, posted a slight expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then reduced sharply in the following year.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of iron, steel or aluminium reservoir to Chile, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The U.S. (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the U.S. (-X% per year).

In value terms, the largest iron, steel or aluminium reservoir suppliers to Chile were the U.S. ($X), China ($X) and Turkey ($X), together comprising X% of total imports. These countries were followed by Germany, Italy, Argentina, the Czech Republic, Thailand and Portugal, which together accounted for a further X the main suppliers, the Czech Republic 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 import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, almost unchanged from the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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