Chile: Tuner Block Market 2024

Tuner Block Market Size in Chile

The Chilean tuner block market reduced sharply to $X in 2022, falling by -16.6% 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, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tuner Block Exports

Exports from Chile

In 2022, shipments abroad of tuner blocks decreased by -83.5% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 642%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tuner block exports fell dramatically to $X in 2022. Over the period under review, exports faced a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 732% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X units), the United States (X units) and Bolivia (X units) were the main destinations of tuner block exports from Chile, with a combined 88% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +41.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tuner block exported from Chile were Bolivia ($X), the United States ($X) and Costa Rica ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +19.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average tuner block export price stood at $X per unit in 2022, falling by -11.2% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 an increase of 276%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Tuner Block Imports

Imports into Chile

In 2022, tuner block imports into Chile contracted notably to X units, waning by -20.5% against the previous year. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, tuner block imports declined dramatically to $X in 2022. In general, imports recorded a slight slump. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tuner block to Chile, with a 86% share of total imports. Moreover, tuner block imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was held by Brazil (X units), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+266.2% per year) and Brazil (+106.3% per year).

In value terms, China ($X) constituted the largest supplier of tuner blocks to Chile, comprising 87% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 6.7% share of total imports. It was followed by Brazil, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+249.7% per year) and Brazil (+70.2% per year).

Import Prices by Country

The average tuner block import price stood at $X per unit in 2022, increasing by 3.8% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 17%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :