Chile: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Chile

The Chilean stone sawing machine market skyrocketed to $X in 2021, surging by 473% 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). Overall, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Stone Sawing Machine Exports

Exports from Chile

In 2021, after two years of decline, there was significant growth in shipments abroad of sawing machines for working stone, ceramics and concrete, when their volume increased by 3,600% to X units. Over the period under review, exports recorded a noticeable increase. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, stone sawing machine exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for stone sawing machine exports from Chile, with a 73% share of total exports. Moreover, stone sawing machine exports to Argentina exceeded the volume sent to the second major destination, Bolivia (X units), sevenfold. The third position in this ranking was taken by Peru (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+8.0% per year) and Peru (-10.6% per year).

In value terms, the largest markets for stone sawing machine exported from Chile were Argentina ($X), Bolivia ($X) and Peru ($X), together accounting for 92% of total exports.

Bolivia, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, which is down by -37.4% against the previous year. In general, the export price faced a deep setback. The pace of growth was the most pronounced in 2015 an increase of 94%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Argentina ($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 Peru (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Sawing Machine Imports

Imports into Chile

In 2021, stone sawing machine imports into Chile soared to X units, rising by 596% on the previous year. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, stone sawing machine imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Chile, with a 77% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+21.9% per year) and the United States (-23.2% per year).

In value terms, China ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Chile, comprising 37% of total imports. The second position in the ranking was taken by Spain ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.0% per year) and the United States (-15.5% per year).

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, shrinking by -49.9% against the previous year. Overall, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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