Chile: Market for Tower Cranes And Portal Or Pedestal Jib Cranes 2024

Market Size for Tower Cranes And Portal Or Pedestal Jib Cranes in Chile

In 2023, the Chilean tower and portal cranes market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, enjoyed measured growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Exports of Tower Cranes And Portal Or Pedestal Jib Cranes

Exports from Chile

In 2023, approx. X units of tower cranes and portal or pedestal jib cranes were exported from Chile; surging by X% on the previous year. Overall, exports saw prominent growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, tower and portal cranes exports shrank markedly to $X in 2023. Over the period under review, exports showed a slight increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units), Bolivia (X units) and Spain (X units) were the main destinations of tower and portal cranes exports from Chile, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tower and portal cranes exported from Chile were Bolivia ($X), Argentina ($X) and Mexico ($X), together accounting for X% of total exports. Spain and Paraguay lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average tower and portal cranes export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price saw a deep slump. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tower Cranes And Portal Or Pedestal Jib Cranes

Imports into Chile

In 2023, after two years of growth, there was significant decline in purchases abroad of tower cranes and portal or pedestal jib cranes, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a mild increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, tower and portal cranes imports fell dramatically to $X in 2023. In general, imports, however, enjoyed measured growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest tower and portal cranes supplier to Chile, with a X% share of total imports. Moreover, tower and portal cranes imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. Finland (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Finland (X% per year).

In value terms, China ($X) constituted the largest supplier of tower cranes and portal or pedestal jib cranes to Chile, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average tower and portal cranes import price amounted to $X per unit, falling by X% against the previous year. In general, import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, tower and portal cranes import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform