Chile: Shipping Market 2025

Shipping Market Size in Chile

In 2021, after two years of growth, there was significant decline in the Chilean shipping market, when its value decreased by -49.7% to $X. Overall, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Shipping Production in Chile

In value terms, shipping production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 20%. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Shipping Exports

Exports from Chile

In 2020, the amount of ships, vessels, ferry-boats for the transport of persons exported from Chile stood at X units, approximately reflecting the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 100%. As a result, the exports attained the peak of X units. From 2017 to 2020, the growth of the exports remained at a lower figure.

In value terms, shipping exports declined rapidly to $X in 2020. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 53,129%. The exports peaked at $X in 2019, and then contracted remarkably in the following year.

Exports by Country

Panama (X units) was the main destination for shipping exports from Chile, with a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Panama was relatively modest.

In value terms, Panama ($X) also remains the key foreign market for ships, vessels, ferry-boats for the transport of persons exports from Chile.

From 2015 to 2020, the average annual growth rate of value to Panama amounted to -31.4%.

Export Prices by Country

The average shipping export price stood at $X per unit in 2020, dropping by -99.5% against the previous year. Over the period under review, the export price faced a sharp curtailment. The most prominent rate of growth was recorded in 2018 an increase of 27,974% against the previous year. The export price peaked at $X per unit in 2019, and then plummeted in the following year.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2015 to 2020, the rate of growth in terms of prices for Panama amounted to -31.4% per year.

Shipping Imports

Imports into Chile

Shipping imports into Chile declined remarkably to X units in 2021, waning by -66.7% against the previous year's figure. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 167%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, shipping imports shrank notably to $X in 2021. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 2,502%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) was the main shipping supplier to Chile, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK was relatively modest.

In value terms, China ($X) constituted the largest supplier of ships, vessels, ferry-boats for the transport of persons to Chile, comprising 2.4% of total imports. The second position in the ranking was taken by the United States ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-23.0% per year) and the UK (+12.8% per year).

Import Prices by Country

The average shipping import price stood at $X per unit in 2021, which is down by -90.2% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 1,940%. The import price peaked at $X per unit in 2019; however, from 2020 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 China ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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