Chile: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Chile

In 2021, the Chilean turbo-jet (over X kn) market was finally on the rise to reach $X after three years of decline. Overall, consumption enjoyed a resilient expansion. Turbo-jet (over X kn) consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Chile

In 2021, shipments abroad of turbo-jets of a thrust exceeding X kn decreased by 0% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 700%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, turbo-jet (over X kn) exports skyrocketed to $X in 2021. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 6,133% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) and the UK (X units) were the main destinations of turbo-jet (over X kn) exports from Chile.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of -9.4%).

In value terms, the UK ($X) remains the key foreign market for turbo-jets of a thrust exceeding X kn exports from Chile, comprising 97% of total exports. The second position in the ranking was held by the United States ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.0% per year) and Canada (+29.9% per year).

Export Prices by Country

The average turbo-jet (over X kn) export price stood at $X per unit in 2021, with an increase of 100% against the previous year. Overall, the export price posted a noticeable increase. The growth pace was the most rapid in 2014 when the average export price increased by 679%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Chile

In 2021, after three years of decline, there was significant growth in purchases abroad of turbo-jets of a thrust exceeding X kn, when their volume increased by 17% to X units. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 220%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, turbo-jet (over X kn) imports rose rapidly to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 71%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X units), the Netherlands (X units) and France (X units) were the main suppliers of turbo-jet (over X kn) imports to Chile, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo-jet (over X kn) suppliers to Chile were the Netherlands ($X), the UK ($X) and France ($X), with a combined 56% share of total imports. Singapore and the United States lagged somewhat behind, together accounting for a further 10%.

The United States, with a CAGR of +83.1%, saw the highest growth rate of the value of imports, in terms of 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 turbo-jet (over X kn) import price amounted to $X per unit, waning by -6.1% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 84% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for the United States ($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 (+47.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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