Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile - 2023

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile (CIF) - 2023
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile (CIF) - 2023

The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $3,892 per unit in December 2023, dropping by -28.9% against the previous month. Overall, the import price recorded a mild descent. The growth pace was the most rapid in January 2023 when the average import price increased by 74% month-to-month. As a result, import price attained the peak level of $7,949 per unit; afterwards, it flattened through to December 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($11,052 per unit), while the price for China ($1,117 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile (FOB) - 2022

In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $13,468 per unit, remaining stable against the previous year. Overall, the export price recorded tangible growth. The growth pace was the most rapid in 2019 when the average export price increased by 130% against the previous year. As a result, the export price attained the peak level of $27,160 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($25,955 per unit), while the average price for exports to the Dominican Republic ($11,914 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 Bolivia (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile

In 2022, overseas purchases of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -42.9% to 67K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 326%. As a result, imports attained the peak of 118K units, and then declined markedly in the following year.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs reduced sharply to $383M in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 414% against the previous year. As a result, imports reached the peak of $503M, and then reduced remarkably in the following year.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Chile in 2022:

1. Japan (28.9K units)
2. Brazil (12.7K units)
3. South Korea (9.7K units)
4. India (7.6K units)
5. China (5.1K units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Chile

In 2022, shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -4.6% to 4.2K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 5,547% against the previous year. Over the period under review, the exports of reached the maximum at 4.4K units in 2021, and then shrank in the following year.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs fell to $57M in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,367% against the previous year. The exports peaked at $59M in 2021, and then fell slightly in the following year.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Chile in 2022:

1. Paraguay (3.1K units)
2. Dominican Republic (0.9K units)
3. Bolivia (0.1K units)

Source: IndexBox Market Intelligence Platform