Chile: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Chile

The Chilean rubber-to-metal and moulded article market rose notably to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated temperate growth 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 2020 indices. Rubber-to-metal and moulded article consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Chile

In 2022, exports of rubber-to-metal and moulded articles from Chile declined significantly to X tons, with a decrease of X% against 2021 figures. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports contracted remarkably to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for rubber-to-metal and moulded article exports from Chile, accounting for a X% share of total exports. Moreover, rubber-to-metal and moulded article exports to Peru exceeded the volume sent to the second major destination, Argentina (X tons), threefold. Bolivia (X tons) ranked third in terms of total exports with a 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: Argentina (X% per year) and Bolivia (X% per year).

In value terms, Peru ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Bolivia (X% per year).

Export Prices by Country

In 2022, the average rubber-to-metal and moulded article export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Paraguay ($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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Chile

In 2022, imports of rubber-to-metal and moulded articles into Chile reduced to X tons, waning by X% on the previous year. Over the period under review, total imports indicated a noticeable expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, rubber-to-metal and moulded article imports expanded sharply 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 in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest rubber-to-metal and moulded article supplier to Chile, accounting for a X% share of total imports. Moreover, rubber-to-metal and moulded article imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest rubber-to-metal and moulded article suppliers to Chile were the United States ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. Germany, Sweden, Italy, Brazil, Spain, India, Malaysia, Thailand and Peru lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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