Chile: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Chile

In 2021, after two years of decline, there was significant growth in the Chilean market for pneumatic or hydraulic hand tools, when its value increased by 40% to $X. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in Chile

In value terms, pneumatic or hydraulic hand tool production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 93%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Chile

Pneumatic or hydraulic hand tool exports from Chile fell to X tons in 2021, with a decrease of -8.2% compared with 2020. Overall, exports, however, showed a mild increase. The pace of growth appeared the most rapid in 2015 with an increase of 117% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports rose slightly to $X in 2021. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 123% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Chile, with a 48% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Peru exceeded the volume sent to the second major destination, Argentina (X tons), threefold. Bolivia (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+9.2% per year) and Bolivia (-5.4% per year).

In value terms, Peru ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Chile, comprising 50% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 16% share of total exports. It was followed by Argentina, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru amounted to +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-0.9% per year) and Argentina (+7.2% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($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 (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Chile

In 2021, overseas purchases of pneumatic or hydraulic hand tools increased by 99.9% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Chile, with a 61% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+4.8% per year) and the United States (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Chile, comprising 61% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+4.5% per year) and the United States (-5.0% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 3.4%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the price for Brazil ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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