Chile: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Chile

In 2022, the Chilean passenger car tyre market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded pronounced growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank remarkably in the following year.

Passenger Car Tyre Production in Chile

In value terms, passenger car tyre production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Passenger Car Tyre Exports

Exports from Chile

In 2022, the amount of tyres for motor cars exported from Chile rose slightly to X units, growing by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports skyrocketed to $X in 2022. The total export 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 appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for passenger car tyre exports from Chile, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for tyres for motor cars exports from Chile.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

In 2022, the average passenger car tyre export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Passenger Car Tyre Imports

Imports into Chile

In 2022, purchases abroad of tyres for motor cars decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, passenger car tyre imports shrank sharply to $X in 2022. In general, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of passenger car tyre to Chile, accounting for a X% share of total imports. Moreover, passenger car tyre imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of tyres for motor cars to Chile, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Thailand (X% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a pronounced setback. The import price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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