Chile: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Chile

After two years of growth, the Chilean hand-operated air pump market decreased by -11.1% to $X in 2022. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X, and then fell in the following year.

Hand-Operated Air Pump Production in Chile

In value terms, hand-operated air pump production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw prominent growth. The growth pace was the most rapid in 2014 with an increase of 436%. Hand-operated air pump production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hand-Operated Air Pump Exports

Exports from Chile

In 2022, overseas shipments of hand or foot-operated air pumps decreased by -0.8% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,357% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hand-operated air pump exports skyrocketed to $X in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 723%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bolivia (X units), Peru (X units) and Paraguay (X units) were the main destinations of hand-operated air pump exports from Chile, together accounting for 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of +59.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for hand or foot-operated air pumps exports from Chile, comprising 84% of total exports. The second position in the ranking was taken by Peru ($X), with a 10% share of total exports. It was followed by Paraguay, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia stood at +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+10.6% per year) and Paraguay (+64.6% per year).

Export Prices by Country

In 2022, the average hand-operated air pump export price amounted to $X per unit, increasing by 16% against the previous year. In general, the export price posted a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 259% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Uruguay ($X 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 Mexico (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in overseas purchases of hand or foot-operated air pumps, when their volume decreased by -10.6% to X units. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, hand-operated air pump imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 88%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Chile, with a 86% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.5% per year) and France (-28.0% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Chile, comprising 70% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.0% per year) and France (-26.0% per year).

Import Prices by Country

In 2022, the average hand-operated air pump import price amounted to $X per unit, falling by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2013 when the average import price increased by 44%. The import price peaked at $X per unit in 2014; however, from 2015 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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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