Chile: Metal Gas Appliances Market 2023

Metal Gas Appliances Market Size in Chile

In 2022, the Chilean metal gas appliances market increased by 63% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Metal Gas Appliances Exports

Exports from Chile

In 2022, shipments abroad of iron or steel gas domestic appliances increased by 263% to X units for the first time since 2015, thus ending a six-year declining trend. Overall, exports, however, continue to indicate a dramatic slump. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal gas appliances exports surged to $X in 2022. Over the period under review, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2013 when exports increased by 282%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X units) and Paraguay (X units) were the main destinations of metal gas appliances exports from Chile.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of -6.2%).

In value terms, the largest markets for metal gas appliances exported from Chile were Peru ($X) and Paraguay ($X).

Paraguay, with a CAGR of +17.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average metal gas appliances export price stood at $X per unit in 2022, waning by -2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2019 an increase of 177%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Peru stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports into Chile

In 2022, purchases abroad of iron or steel gas domestic appliances increased by 38% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 154%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal gas appliances imports soared to $X in 2022. Overall, imports showed a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest metal gas appliances supplier to Chile, with a 87% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+133.8% per year) and Argentina (-9.6% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Chile, comprising 85% of total imports. The second position in the ranking was taken by Portugal ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+136.8% per year) and Argentina (-15.0% per year).

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2022, increasing by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 29%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :