Chile: Working Wire Machine Market 2022

Working Wire Machine Market Size in Chile

In 2021, the Chilean working wire machine market increased by 70% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a dramatic downturn. Working wire machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from Chile

In 2021, shipments abroad of machines for working wire increased by 13% to X units, rising for the third consecutive year after five years of decline. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, working wire machine exports rose remarkably to $X in 2021. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 103,471%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for working wire machine exports from Chile, with a 82% share of total exports. Moreover, working wire machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Brazil (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for working wire machine exports from Chile, comprising 76% of total exports. The second position in the ranking was taken by Brazil ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, waning by -6.3% against the previous year. Over the period under review, the export price showed a dramatic contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 3.5% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-20.8%).

Working Wire Machine Imports

Imports into Chile

In 2021, the amount of machines for working wire imported into Chile skyrocketed to X units, growing by 30% against 2020. Over the period under review, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 136% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports surged to $X in 2021. Overall, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of working wire machine imports to Chile, together accounting for 69% of total imports. The United States, Belgium, Taiwan (Chinese), Brazil, Switzerland and Spain lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +2.5%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of working wire machine to Chile, comprising 55% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by Switzerland, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+27.5% per year) and Switzerland (-13.2% per year).

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, shrinking by -7.1% against the previous year. Over the period under review, the import price, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 172%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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