Chile: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Chile

In 2022, the Chilean positive displacement pump market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021, and then reduced dramatically in the following year.

Positive Displacement Pump Exports

Exports from Chile

After two years of growth, shipments abroad of positive displacement pumps and hand pumps decreased by X% to X units in 2022. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, positive displacement pump exports declined dramatically to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Bolivia (X units) was the main destination for positive displacement pump exports from Chile, accounting for a X% share of total exports. Moreover, positive displacement pump exports to Bolivia exceeded the volume sent to the second major destination, Cuba (X units), fivefold. Argentina (X units) 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 Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Argentina (X% per year).

In value terms, Germany ($X), Peru ($X) and Bolivia ($X) were the largest markets for positive displacement pump exported from Chile worldwide, together comprising X% of total exports. Argentina, Paraguay, Cuba, Uruguay and the United States lagged somewhat behind, together accounting for a further X%.

Uruguay, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 positive displacement pump export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the average price for exports to Cuba ($X per unit) was amongst the lowest.

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

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Positive Displacement Pump Imports

Imports into Chile

In 2022, purchases abroad of positive displacement pumps and hand pumps decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, positive displacement pump imports fell remarkably to $X in 2022. Overall, imports, however, posted noticeable growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

South Korea (X units), China (X units) and the UK (X units) were the main suppliers of positive displacement pump imports to Chile, with a combined X% share of total imports. The United States, Spain, Germany, Italy, Taiwan (Chinese), Malaysia, Indonesia and Argentina lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest positive displacement pump suppliers to Chile, together comprising X% of total imports. Spain, South Korea, the UK, Italy, Taiwan (Chinese), Argentina, Malaysia and Indonesia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price, however, faced a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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