Chile: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Chile

In 2022, the Chilean metal spring washer market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal spring washer consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports from Chile

In 2022, after two years of decline, there was significant growth in shipments abroad of iron or steel spring washers, when their volume increased by X% to X tons. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) was the main destination for metal spring washer exports from Chile, with a X% share of total exports. Moreover, metal spring washer exports to Peru exceeded the volume sent to the second major destination, Brazil (X tons), threefold. Ecuador (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Peru ($X), Brazil ($X) and Colombia ($X) appeared to be the largest markets for metal spring washer exported from Chile worldwide, with a combined X% share of total exports.

Colombia, with a CAGR of X%, saw the highest growth rate of 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 metal spring washer export price amounted to $X per ton, surging by X% against the previous year. In general, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Ecuador ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Metal Spring Washer Imports

Imports into Chile

In 2022, supplies from abroad of iron or steel spring washers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal spring washer imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal spring washer imports to Chile, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of iron or steel spring washers to Chile, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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