Chile: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Chile

The Chilean steam blasting machine market surged to $X in 2021, increasing by 64% 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, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +56.2% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Steam Blasting Machine Exports

Exports from Chile

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines exported from Chile soared to X units, jumping by 56% against 2020. Overall, exports showed a perceptible expansion. The pace of growth appeared the most rapid in 2016 with an increase of 114%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, steam blasting machine exports dropped markedly to $X in 2021. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 131%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Bolivia (X units), Peru (X units) and Paraguay (X units) were the main destinations of steam blasting machine exports from Chile, together comprising 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +54.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steam blasting machine exported from Chile were Bolivia ($X), Peru ($X) and Paraguay ($X), with a combined 97% share of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +49.0%, recorded 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 steam blasting machine export price amounted to $X per unit, dropping by -46.4% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 80% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then shrank notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Paraguay ($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 Panama (+7.4%), while the prices for the other major destinations experienced a decline.

Steam Blasting Machine Imports

Imports into Chile

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines imported into Chile soared to X units, growing by 80% compared with 2020. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.2% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.4% against 2017 indices. As a result, imports reached 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 steam blasting machine to Chile, with a 74% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Brazil (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.0% per year) and Brazil (-8.5% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Chile, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.2% per year) and Italy (-5.3% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, dropping by -13.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 20%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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