Report Update: May 1, 2024

Chile - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights

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Mobile Phone Price in Chile - 2023

Mobile Phone Price in Chile (CIF) - 2022

In 2022, the average mobile phone import price amounted to $277 per unit, surging by 40% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone import price increased by +77.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($278 per unit), while the price for Vietnam stood at $276 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%).

Mobile Phone Price in Chile (FOB) - 2023

In July 2023, the average mobile phone export price amounted to $225 per unit, picking up by 84% against the previous month. Over the period under review, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in February 2023 when the average export price increased by 234% month-to-month. As a result, the export price reached the peak level of $253 per unit. From March 2023 to July 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($394 per unit), while the average price for exports to Colombia ($67.2 per unit) was amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Phone Imports in Chile

In 2022, after three years of growth, there was significant decline in purchases abroad of mobile phones, when their volume decreased by -53.7% to 5.8M units. Overall, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 40% against the previous year. Imports peaked at 12M units in 2021, and then contracted sharply in the following year.

In value terms, mobile phone imports contracted rapidly to $1.6B in 2022. In general, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $2.5B, and then fell notably in the following year.

Import of Mobile Phone in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,141	1,200	1,551	1,122	-0.6%
Vietnam	331	403	667	472	12.6%
United States	18.4	143	214	3.8	-40.9%
Others	16.8	23.5	37.3	3.3	-41.9%
Total	1,507	1,770	2,470	1,601	2.0%

Top Suppliers of Mobile Phone to Chile in 2022:

United States (undefinedM units)
China (4.0M units)
Vietnam (1.7M units)

Mobile Phone Exports in Chile

In 2022, mobile phone exports from Chile soared to 620K units, rising by 16% compared with the previous year's figure. In general, exports, however, continue to indicate a pronounced curtailment. The exports peaked at 669K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mobile phone exports soared to $93M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 65%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Mobile Phone in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	68.0	36.0	64.3	71.4	1.6%
United Arab Emirates	N/A	N/A	0.2	10.0	4900.0%
Colombia	2.7	2.8	1.6	1.9	-11.1%
Peru	1.9	3.3	2.5	1.8	-1.8%
Venezuela	N/A	0.3	1.0	1.4	116.0%
Hong Kong SAR	0.3	0.7	0.7	1.4	67.1%
Costa Rica	N/A	N/A	N/A	1.3	0%
Spain	1.4	0.3	1.9	1.0	-10.6%
Others	4.5	2.6	3.7	2.7	-15.7%
Total	78.8	46.1	75.8	92.9	5.6%

Top Export Markets for Mobile Phone from Chile in 2022:

United States (467.6K units)
Venezuela (29.8K units)
Colombia (27.1K units)
United Arab Emirates (21.6K units)
Costa Rica (14.9K units)
Peru (14.5K units)
Hong Kong SAR (10.7K units)
Spain (8.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mobile phone market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26302200 - Telephones for cellular networks or for other wireless networks

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023