Chile: Vacuum Vessel Market 2024

Vacuum Vessel Market Size in Chile

The Chilean vacuum vessel market soared to $X in 2022, jumping by 23% against the previous year. In general, consumption saw a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Vacuum Vessel Production in Chile

In value terms, vacuum vessel production surged to $X in 2022 estimated in export price. In general, production showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 144% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Vacuum Vessel Exports

Exports from Chile

In 2022, overseas shipments of vacuum vessels increased by 55% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 253%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, vacuum vessel exports surged to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 144%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for vacuum vessel exports from Chile, accounting for a 76% share of total exports. Moreover, vacuum vessel exports to Bolivia exceeded the volume sent to the second major destination, Peru (X units), sixfold. Paraguay (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-4.1% per year) and Paraguay (-2.7% per year).

In value terms, Bolivia ($X) remains the key foreign market for vacuum vessels exports from Chile, comprising 78% of total exports. The second position in the ranking was taken by Peru ($X), with a 12% share of total exports. It was followed by Paraguay, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-1.8% per year) and Paraguay (+3.3% per year).

Export Prices by Country

The average vacuum vessel export price stood at $X per unit in 2022, reducing by -2% against the previous year. Overall, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 69%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Colombia ($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 China (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Vessel Imports

Imports into Chile

In 2022, purchases abroad of vacuum vessels increased by 23% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 50%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, vacuum vessel imports skyrocketed to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +129.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 80%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of vacuum vessel to Chile, accounting for a 95% share of total imports. It was followed by the United States (X units), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.0%.

In value terms, China ($X) constituted the largest supplier of vacuum vessels to Chile, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.7%.

Import Prices by Country

The average vacuum vessel import price stood at $X per unit in 2022, increasing by 3.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 24%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average 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 the United States ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%).

Source: IndexBox Platform

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