Chile: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Chile

The Chilean radio navigation apparatus market soared to $X in 2021, with an increase of 24% 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, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Radio Navigation Apparatus Exports

Exports from Chile

In 2021, the amount of radio navigational aid apparatus exported from Chile surged to X tons, growing by 129% compared with 2020 figures. Overall, exports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 282% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, radio navigation apparatus exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 194%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X kg), Paraguay (X kg) and Ecuador (X kg) were the main destinations of radio navigation apparatus exports from Chile, together accounting for 57% of total exports. These countries were followed by the Dominican Republic, Sweden, Guatemala, Colombia, Peru, Costa Rica, Honduras, Argentina, Bolivia and Japan, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +1,059.3%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the key foreign market for radio navigational aid apparatus exports from Chile, comprising 28% of total exports. The second position in the ranking was held by Argentina ($X), with a 14% share of total exports. It was followed by Bolivia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Peru stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+72.2% per year) and Bolivia (+12.5% per year).

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per ton, dropping by -4.3% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus export price decreased by -35.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into Chile

For the fourth consecutive year, Chile recorded growth in overseas purchases of radio navigational aid apparatus, which increased by 19% to X tons in 2021. Overall, imports posted tangible growth. The pace of growth appeared the most rapid in 2020 with an increase of 45%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, radio navigation apparatus imports surged to $X in 2021. In general, imports, however, saw a slight slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of radio navigation apparatus imports to Chile, with a combined 66% share of total imports. Lithuania, Taiwan (Chinese), Mexico and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Australia ($X) constituted the largest radio navigation apparatus suppliers to Chile, together comprising 65% of total imports. Lithuania, Taiwan (Chinese), Mexico and Spain lagged somewhat behind, together comprising a further 22%.

Lithuania, with a CAGR of +31.7%, recorded the highest rates of growth with regard to the value of imports, among 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 radio navigation apparatus import price stood at $X per ton in 2021, rising by 7.7% against the previous year. Overall, the import price, however, saw a deep downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Spain ($X per ton) and Mexico ($X per ton), while the price for Lithuania ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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