Chile: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Chile

In 2021, the Chilean machine tool for metal market increased by 3.7% to $X, rising for the second consecutive year after three years of decline. In general, consumption posted a buoyant increase. Machine tool for metal consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Chile

In 2021, shipments abroad of machine tools for working metal without removing metal was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, saw a precipitous descent. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tool for metal exports amounted to $X in 2021. Overall, exports, however, faced a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of 191%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units), Peru (X units) and Uruguay (X units) were the main destinations of machine tool for metal exports from Chile, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Paraguay ($X) and Brazil ($X) constituted the largest markets for machine tool for metal exported from Chile worldwide, with a combined 89% share of total exports.

Among the main countries of destination, Paraguay, with a CAGR of +107.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average machine tool for metal export price amounted to $X per unit, dropping by -97.6% against the previous year. In general, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 7,131% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+97.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Chile

In 2021, supplies from abroad of machine tools for working metal without removing metal increased by 13% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 347% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, machine tool for metal imports expanded sharply to $X in 2021. In general, imports, however, faced a significant decline. The most prominent rate of growth was recorded in 2019 when imports increased by 157%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine tool for metal to Chile, accounting for a 87% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.0% per year) and the Netherlands (+63.1% per year).

In value terms, the United States ($X) constituted the largest supplier of machine tools for working metal without removing metal to Chile, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports. It was followed by Spain, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.9% per year) and Spain (-23.3% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, flattening at the previous year. In general, the import price, however, recorded a sharp setback. The pace of growth was the most pronounced in 2018 an increase of 591% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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