Chile: Truck Market 2024

Truck Market Size in Chile

In 2022, the Chilean truck market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed measured growth. Truck consumption peaked in 2022 and is likely to see steady growth in the near future.

Truck Exports

Exports from Chile

In 2022, exports of trucks from Chile dropped to X units, with a decrease of X% against 2021 figures. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, truck exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for truck exports from Chile, accounting for a X% share of total exports. Moreover, truck exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X units), threefold. The third position in this ranking was held by the Dominican Republic (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and the Dominican Republic (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for trucks exports from Chile, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The average truck export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the Dominican Republic ($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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Truck Imports

Imports into Chile

In 2022, purchases abroad of trucks increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, truck imports surged to $X in 2022. In general, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of truck to Chile, accounting for a X% share of total imports. Moreover, truck imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), twofold. The third position in this ranking was held by Thailand (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of trucks to Chile, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with an 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 Argentina (X% per year).

Import Prices by Country

The average truck import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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