Price for Electrical Insulators of Any Material in Chile - 2023

Price for Electrical Insulators of Any Material in Chile (CIF) - 2022

The average import price for electrical insulators of any materials stood at $0.4 per unit in 2022, growing by 4.6% against the previous year. In general, the import price, however, saw a pronounced downturn. The growth pace was the most rapid in 2017 when the average import price increased by 61% against the previous year. The import price peaked at $0.5 per unit in 2012; however, from 2013 to 2022, 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 ($2.3 per unit), while the price for Spain ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Chile (FOB) - 2022

The average export price for electrical insulators of any materials stood at $0.6 per unit in 2022, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum at $0.7 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($0.7 per unit), while the average price for exports to Bolivia ($0.3 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 Brazil (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Insulators of Any Material in Chile

In 2022, electrical insulators of any material imports into Chile soared to 38M units, with an increase of 27% compared with 2021 figures. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulators of any material imports surged to $15M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Electrical Insulators of Any Material in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.5	2.5	3.5	6.8	39.6%
United States	1.7	2.0	2.6	1.9	3.8%
Brazil	1.1	1.2	2.3	1.6	13.3%
Colombia	0.3	0.2	0.4	1.2	58.7%
Spain	0.5	0.8	0.2	0.4	-7.2%
France	1.0	0.7	0.1	0.3	-33.1%
Ukraine	0.1	0.2	0.1	0.1	0.0%
Others	2.0	2.3	1.8	2.3	4.8%
Total	9.3	9.7	11.0	14.7	16.5%

Top Suppliers of Electrical Insulators of Any Material to Chile in 2022:

China (28.2M units)
Colombia (3.2M units)
Brazil (2.2M units)
Spain (1.6M units)
United States (0.9M units)
Ukraine (0.4M units)
France (0.2M units)

Exports of Electrical Insulators of Any Material in Chile

Electrical insulators of any material exports from Chile rose sharply to 10M units in 2022, with an increase of 14% on the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 84%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, electrical insulators of any material exports surged to $6.2M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 111%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Electrical Insulators of Any Material in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	844	1,923	3,941	5,216	83.5%
Peru	338	429	543	391	5.0%
Colombia	189	192	168	314	18.4%
Panama	N/A	N/A	303	164	-45.9%
Bolivia	87.3	1.5	80.7	93.3	2.2%
Others	193	12.1	354	42.4	-39.7%
Total	1,651	2,557	5,391	6,220	55.6%