Chile: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Chile

In 2021, after three years of growth, there was significant decline in the Chilean underground continuous-action elevator market, when its value decreased by -42.4% to $X. Overall, consumption faced a abrupt setback. Underground continuous-action elevator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Underground Continuous-Action Elevator Production in Chile

In value terms, underground continuous-action elevator production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14%. Underground continuous-action elevator production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Underground Continuous-Action Elevator Exports

Exports from Chile

After two years of growth, shipments abroad of underground continuous-action elevators and conveyors decreased by -91.7% to X units in 2021. In general, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 17,409% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, underground continuous-action elevator exports declined rapidly to $X in 2021. Over the period under review, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 20,936% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for underground continuous-action elevator exports from Chile, with a 68% share of total exports. Moreover, underground continuous-action elevator exports to Mexico exceeded the volume sent to the second major destination, Italy (X units), fivefold. Peru (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to -21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Peru (-51.7% per year).

In value terms, Mexico ($X) emerged as the key foreign market for underground continuous-action elevators and conveyors exports from Chile, comprising 75% of total exports. The second position in the ranking was taken by Peru ($X), with a 9.9% share of total exports. It was followed by Italy, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico totaled -21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-53.2% per year) and Italy (0.0% per year).

Export Prices by Country

The average underground continuous-action elevator export price stood at $X per unit in 2021, with a decrease of -39.1% against the previous year. Over the period under review, the export price saw a slight descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 42%. As a result, the export price reached the peak level of $X per unit, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.2%), while the prices for the other major destinations experienced a decline.

Underground Continuous-Action Elevator Imports

Imports into Chile

In 2021, approx. X units of underground continuous-action elevators and conveyors were imported into Chile; which is down by -80.2% against 2020. Overall, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 268% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, underground continuous-action elevator imports contracted remarkably to $X in 2021. Over the period under review, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2019 when imports increased by 303%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of underground continuous-action elevator to Chile, accounting for a 76% share of total imports. Moreover, underground continuous-action elevator imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.9% per year) and Peru (+21.8% per year).

In value terms, Germany ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to Chile, comprising 78% of total imports. The second position in the ranking was held by Peru ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+25.2% per year) and Switzerland (-10.5% per year).

Import Prices by Country

In 2021, the average underground continuous-action elevator import price amounted to $X per unit, reducing by -23.6% against the previous year. Over the period under review, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per unit 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 Peru ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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