Chile: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Chile

The Chilean wood drilling machine market soared to $X in 2021, increasing by 94% 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). Overall, consumption posted a resilient increase. Wood drilling machine consumption peaked in 2021 and is likely to see gradual growth in the near future.

Wood Drilling Machine Exports

Exports from Chile

In 2021, approx. X units of drilling or morticing machines were exported from Chile; remaining stable against 2020. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 100%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wood drilling machine exports surged to $X in 2021. Over the period under review, exports continue to indicate a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for wood drilling machine exports from Chile, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia was relatively modest.

In value terms, Bolivia ($X) also remains the key foreign market for wood drilling machine exports from Chile.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +22.4%.

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, growing by 8.8% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by 309% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2021, the rate of growth in terms of prices for Bolivia amounted to -5.7% per year.

Wood Drilling Machine Imports

Imports into Chile

In 2021, approx. X units of drilling or morticing machines were imported into Chile; increasing by 114% on the year before. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 154%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, wood drilling machine imports rose sharply to $X in 2021. Overall, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by 183% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood drilling machine supplier to Chile, accounting for a 81% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), ninefold. India (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+35.6% per year) and India (+31.6% per year).

In value terms, China ($X) constituted the largest supplier of wood drilling machine to Chile, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by India, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.1% per year) and India (+5.5% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, dropping by -46.9% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 342% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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