Chile: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Chile

The Chilean interchangeable tool market dropped modestly to $X in 2022, falling by X% against the previous year. Over the period under review, the total consumption indicated a measured expansion 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, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level of $X, and then declined slightly in the following year.

Interchangeable Tool Production in Chile

In value terms, interchangeable tool production rose modestly to $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Interchangeable tool production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Interchangeable Tool Exports

Exports from Chile

In 2022, shipments abroad of interchangeable tools for hand tools increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated temperate growth 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, interchangeable tool exports soared to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for interchangeable tool exports from Chile, with a X% share of total exports. Moreover, interchangeable tool exports to Brazil exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Argentina (X% per year).

In value terms, Argentina ($X), Brazil ($X) and the United States ($X) were the largest markets for interchangeable tool exported from Chile worldwide, together comprising X% of total exports. Mauritania, Peru, Bolivia, Australia, Canada, Ecuador, Mexico, India, Sweden and Indonesia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average interchangeable tool export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a slight shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 Ecuador ($X per ton), while the average price for exports to Brazil ($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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Tool Imports

Imports into Chile

After three years of growth, purchases abroad of interchangeable tools for hand tools decreased by X% to X tons in 2022. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell sharply in the following year.

In value terms, interchangeable tool imports rose remarkably to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest interchangeable tool supplier to Chile, with a X% share of total imports. Moreover, interchangeable tool imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of interchangeable tools for hand tools to Chile, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Sweden, with an X% share.

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

Import Prices by Country

The average interchangeable tool import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton 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 Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :