Price for Household or Laundry-Type Washing Machine in Chile - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Chile (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Chile (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Chile
- Exports of Household or Laundry-Type Washing Machine in Chile
Price for Household or Laundry-Type Washing Machine in Chile (CIF) - 2022
The average import price for household or laundry-type washing machines stood at $359 per unit in 2022, surging by 5.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $395 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($490 per unit) and Mexico ($403 per unit), while the price for China ($344 per unit) and Thailand ($356 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Chile (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $451 per unit in 2022, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2013 when the average export price increased by 34% against the previous year. The export price peaked at $523 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 Colombia ($789 per unit), while the average price for exports to Argentina ($228 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 Colombia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Chile
In 2022, the amount of household or laundry-type washing machines imported into Chile shrank sharply to 293K units, which is down by -46.3% on the year before. In general, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. As a result, imports reached the peak of 546K units, and then contracted markedly in the following year.
In value terms, household or laundry-type washing machine imports fell remarkably to $105M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of $186M, and then fell dramatically in the following year.
| Import of Household or Laundry-Type Washing Machine in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.8 | 51.0 | 102 | 52.3 | 4.5% |
| Thailand | 26.7 | 23.7 | 44.0 | 30.2 | 4.2% |
| Mexico | 20.0 | 16.3 | 20.8 | 10.8 | -18.6% |
| Vietnam | 4.5 | 3.5 | 10.3 | 6.4 | 12.5% |
| United States | 2.5 | 1.1 | 1.8 | 2.2 | -4.2% |
| Others | 5.6 | 5.3 | 6.5 | 3.6 | -13.7% |
| Total | 105 | 101 | 186 | 105 | 0.0% |
Top Suppliers of Household or Laundry-Type Washing Machine to Chile in 2022:
- China (152.0K units)
- Thailand (84.7K units)
- Mexico (26.7K units)
- Vietnam (16.1K units)
- United States (6.0K units)
Exports of Household or Laundry-Type Washing Machine in Chile
In 2022, household or laundry-type washing machine exports from Chile rose sharply to 47K units, with an increase of 7.9% compared with the previous year. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +55.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, household or laundry-type washing machine exports surged to $21M in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Household or Laundry-Type Washing Machine in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 9.9 | 9.5 | 11.0 | 10.4 | 1.7% |
| Ecuador | 3.3 | 2.1 | 2.9 | 4.3 | 9.2% |
| Colombia | 1.1 | 1.0 | 1.6 | 3.8 | 51.2% |
| Peru | 0.1 | 0.5 | 1.0 | 1.4 | 141.0% |
| Argentina | 1.7 | 1.0 | 1.4 | 1.3 | -8.6% |
| Egypt | 2.2 | N/A | N/A | N/A | 0% |
| Others | 0.6 | N/A | N/A | 0.1 | -45.0% |
| Total | 18.9 | 14.2 | 18.0 | 21.4 | 4.2% |
Top Export Markets for Household or Laundry-Type Washing Machine from Chile in 2022:
- Bolivia (28.2K units)
- Argentina (5.8K units)
- Ecuador (5.8K units)
- Colombia (4.8K units)
- Peru (2.1K units)
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