Chile: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in Chile

For the fifth year in a row, the Chilean vacuum cleaner with motor market recorded growth in sales value, which increased by 82% to $X in 2021. Overall, consumption continues to indicate strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vacuum Cleaners With Motor in Chile

In value terms, vacuum cleaner with motor production contracted to $X in 2021 estimated in export price. In general, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23% against the previous year. Vacuum cleaner with motor production peaked at $X in 2020, and then shrank in the following year.

Exports of Vacuum Cleaners With Motor

Exports from Chile

In 2021, the amount of vacuum cleaners with motor exported from Chile shrank notably to X tons, waning by -36.6% compared with 2020 figures. In general, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2014 with an increase of 31%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vacuum cleaner with motor exports shrank markedly to $X in 2021. Overall, exports recorded a sharp setback. The pace of growth was the most pronounced in 2014 with an increase of 47%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for vacuum cleaner with motor exports from Chile, accounting for a 42% share of total exports. Moreover, vacuum cleaner with motor exports to Bolivia exceeded the volume sent to the second major destination, Argentina (X tons), twofold. Peru (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 Bolivia amounted to -33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+50.3% per year) and Peru (-41.0% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for vacuum cleaners with motor exports from Chile, comprising 44% of total exports. The second position in the ranking was held by Argentina ($X), with a 21% share of total exports. It was followed by Peru, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia stood at -29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+56.9% per year) and Peru (-38.3% per year).

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, increasing by 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

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 Colombia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Colombia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Chile

In 2021, approx. X tons of vacuum cleaners with motor were imported into Chile; increasing by 108% on 2020 figures. In general, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor imports skyrocketed to $X in 2021. Overall, imports continue to indicate a prominent expansion. As a result, imports reached 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 vacuum cleaner with motor to Chile, with a 82% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Vietnam (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.3% per year) and Vietnam (+30.6% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Chile, comprising 84% of total imports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total imports. It was followed by Slovenia, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.2% per year) and Slovenia (+25.0% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, surging by 6.4% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +51.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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