Chile: Wheeled Loader Market 2024

Wheeled Loader Market Size in Chile

The Chilean wheeled loader market soared to $X in 2021, jumping by 149% 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, showed a noticeable setback. Wheeled loader consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wheeled Loader Exports

Exports from Chile

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported from Chile shrank sharply to X units, reducing by -36.3% compared with the year before. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 102%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheeled loader exports contracted significantly to $X in 2021. In general, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 when exports increased by 136%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Peru (X units) and Argentina (X units) were the main destinations of wheeled loader exports from Chile, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +5.5%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the United States ($X) and Peru ($X) constituted the largest markets for wheeled loader exported from Chile worldwide, together accounting for 69% of total exports. Mexico, Bolivia, Canada, Colombia and Paraguay lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Canada, with a CAGR of +11.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheeled loader export price stood at $X per unit in 2021, increasing by 11% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wheeled loader export price increased by +137.5% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 83%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Paraguay ($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 Canada (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Chile

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported into Chile soared to X units, increasing by 136% against the previous year's figure. In general, imports, however, recorded a perceptible decrease. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wheeled loader imports surged to $X in 2021. Over the period under review, imports, however, showed a deep setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Brazil (X units) were the main suppliers of wheeled loader imports to Chile, together accounting for 68% of total imports. These countries were followed by the Czech Republic, Japan, India, Mexico, Germany and the UK, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +36.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Japan ($X) constituted the largest wheeled loader suppliers to Chile, with a combined 63% share of total imports. China, the Czech Republic, India, Germany, the UK and Mexico lagged somewhat behind, together accounting for a further 18%.

India, with a CAGR of +13.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, falling by -10.9% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 49% 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 somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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