Chile: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Chile

After two years of growth, the Chilean industrial sewing machine market decreased by X% to $X in 2022. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped rapidly in the following year.

Industrial Sewing Machine Exports

Exports from Chile

In 2022, industrial sewing machine exports from Chile contracted rapidly to X units, falling by X% against the previous year. In general, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machine exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for industrial sewing machine exports from Chile, with a X% share of total exports. It was followed by Paraguay (X units), with a X% share of total exports. Peru (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Peru (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for industrial sewing machines exports from Chile, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, rising by X% against the previous year. In general, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

Industrial Sewing Machine Imports

Imports into Chile

After two years of growth, overseas purchases of industrial sewing machines decreased by X% to X units in 2022. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, industrial sewing machine imports contracted dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Chile, accounting for a X% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :