Chile: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Chile

The Chilean threaded metal articles market soared to $X in 2021, jumping by 39% 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). Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Threaded Metal Articles Exports

Exports from Chile

For the third consecutive year, Chile recorded decline in shipments abroad of threaded articles of iron or steel, which decreased by -27.4% to X tons in 2021. In general, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 104%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, threaded metal articles exports declined notably to $X in 2021. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 50%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons), Mexico (X tons) and Ecuador (X tons) were the main destinations of threaded metal articles exports from Chile, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +15.4%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Mexico ($X) and Uruguay ($X) were the largest markets for threaded metal articles exported from Chile worldwide, together accounting for 72% of total exports.

Mexico, with a CAGR of +24.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 threaded metal articles export price amounted to $X per ton, which is down by -5.8% against the previous year. In general, the export price, however, saw pronounced growth. The pace of growth appeared the most rapid in 2019 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador ($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 Senegal (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Chile

In 2021, the amount of threaded articles of iron or steel imported into Chile surged to X tons, jumping by 24% compared with 2020. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, threaded metal articles imports soared to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 47% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) was the main threaded metal articles supplier to Chile, with a 93% share of total imports. It was followed by Switzerland (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.4%.

In value terms, China ($X) constituted the largest supplier of threaded articles of iron or steel to Chile, comprising 70% of total imports. The second position in the ranking was held by Switzerland ($X), with a 5.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.5%.

Import Prices by Country

The average threaded metal articles import price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Switzerland ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.2%).

Source: IndexBox Platform

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