Chile: Wire And Cable Market 2024

Wire And Cable Market Size in Chile

The Chilean wire and cable market amounted to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Wire And Cable Production in Chile

In value terms, wire and cable production contracted to $X in 2022 estimated in export price. Overall, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Wire And Cable Exports

Exports from Chile

In 2022, wire and cable exports from Chile skyrocketed to X tons, picking up by X% on 2021 figures. Overall, exports, however, showed a pronounced descent. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports reached $X in 2022. Over the period under review, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons), India (X tons) and Peru (X tons) were the main destinations of wire and cable exports from Chile, with a combined X% share of total exports. Colombia, the Dominican Republic, Paraguay, Spain, Panama, Argentina and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for insulated wire and cable exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

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

Export Prices by Country

In 2022, the average wire and cable export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Chile

In 2022, purchases abroad of insulated wire and cable decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, wire and cable imports expanded to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Spain (X tons) and Brazil (X tons) were the main suppliers of wire and cable imports to Chile, together accounting for X% of total imports. Peru, Colombia, Mexico, Italy, Argentina, India, Egypt, the United States and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Brazil ($X) appeared to be the largest wire and cable suppliers to Chile, with a combined X% share of total imports. The United States, Mexico, Italy, Peru, Colombia, Argentina, India, Egypt and South Korea lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Egypt, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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