Chile: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Chile

The Chilean metal threading machine market expanded notably to $X in 2021, surging by 14% 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, consumption saw a pronounced decrease. 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.

Metal Threading Machine Exports

Exports from Chile

In 2021, overseas shipments of threading or tapping machines for working metal decreased by -79.3% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 311%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal threading machine exports fell notably to $X in 2021. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 484%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for metal threading machine exports from Chile, accounting for a 50% share of total exports. Moreover, metal threading machine exports to the United States exceeded the volume sent to the second major destination, Argentina (X units), threefold. The third position in this ranking was held by Colombia (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and Colombia (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for threading or tapping machines for working metal exports from Chile, comprising 46% of total exports. The second position in the ranking was taken by Argentina ($X), with a 21% share of total exports. It was followed by Brazil, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+50.4% per year) and Brazil (-2.3% per year).

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, with a decrease of -35.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 52%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Bolivia ($X per unit) and Peru ($X per unit), while the average price for exports to Brazil ($X per unit) and Argentina ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Chile

In 2021, imports of threading or tapping machines for working metal into Chile shrank to X units, which is down by -7.6% against the year before. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 233% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, metal threading machine imports skyrocketed to $X in 2021. Over the period under review, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 206%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and India (X units) were the main suppliers of metal threading machine imports to Chile, together accounting for 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal threading machine suppliers to Chile were China ($X), the United States ($X) and India ($X), with a combined 73% share of total imports.

India, with a CAGR of +16.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal threading machine import price amounted to $X per unit, picking up by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the UK ($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 United States (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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