Chile: Vices And Clamps Market 2024

Vices And Clamps Market Size in Chile

The Chilean vices and clamps market reduced sharply to $X in 2022, waning by -16.5% 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, however, recorded a tangible increase. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Vices And Clamps Exports

Exports from Chile

In 2022, after four years of growth, there was significant decline in shipments abroad of vices and clamps, when their volume decreased by -42.1% to X tons. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,067% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vices and clamps exports shrank sharply to $X in 2022. Over the period under review, exports, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,205% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for vices and clamps exports from Chile, accounting for a 61% share of total exports. Moreover, vices and clamps exports to Bolivia exceeded the volume sent to the second major destination, Peru (X tons), twofold. The third position in this ranking was held by Mexico (X kg), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-26.4% per year) and Mexico (+82.0% per year).

In value terms, Bolivia ($X) remains the key foreign market for vices and clamps exports from Chile, comprising 56% of total exports. The second position in the ranking was held by Peru ($X), with a 24% share of total exports. It was followed by Paraguay, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-31.6% per year) and Paraguay (+24.0% per year).

Export Prices by Country

In 2022, the average vices and clamps export price amounted to $X per ton, with an increase of 2.6% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 211% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-7.1%), while the prices for the other major destinations experienced a decline.

Vices And Clamps Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in purchases abroad of vices and clamps, when their volume decreased by -21.5% to X tons. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 114% against the previous year. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, vices and clamps imports fell to $X in 2022. Over the period under review, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vices and clamps to Chile, with a 82% share of total imports. Moreover, vices and clamps imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-9.4% per year) and India (+27.4% per year).

In value terms, China ($X) constituted the largest supplier of vices and clamps to Chile, comprising 66% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Argentina, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and Argentina (-7.9% per year).

Import Prices by Country

The average vices and clamps import price stood at $X per ton in 2022, surging by 8.9% against the previous year. In general, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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