Chile: Iron Household Articles Market 2024

Iron Household Articles Market Size in Chile

In 2021, the Chilean iron household articles market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Iron Household Articles Exports

Exports from Chile

In 2021, shipments abroad of table, kitchen or household articles and parts of iron increased by 37% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 147%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, iron household articles exports expanded remarkably to $X in 2021. Over the period under review, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 48%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for iron household articles exports from Chile, accounting for a 54% share of total exports. Moreover, iron household articles exports to Bolivia exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was held by Paraguay (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+4.2% per year) and Paraguay (+14.8% per year).

In value terms, Bolivia ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Chile, comprising 48% of total exports. The second position in the ranking was held by Peru ($X), with a 21% share of total exports. It was followed by Paraguay, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-3.6% per year) and Paraguay (-2.2% per year).

Export Prices by Country

The average iron household articles export price stood at $X per ton in 2021, dropping by -18.9% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 50%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Colombia ($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 the United States (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Chile

In 2021, after two years of decline, there was significant growth in overseas purchases of table, kitchen or household articles and parts of iron, when their volume increased by 121% to X tons. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles imports soared to $X in 2021. Over the period under review, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main iron household articles supplier to Chile, accounting for a 91% share of total imports. It was followed by India (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+35.2% per year) and the United States (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Chile, comprising 91% of total imports. The second position in the ranking was held by India ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.1% per year) and the United States (+6.1% per year).

Import Prices by Country

In 2021, the average iron household articles import price amounted to $X per ton, with a decrease of -3.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2016 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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