Chile: Laundry Machine Market 2024

Laundry Machine Market Size in Chile

After three years of growth, the Chilean laundry machine market decreased by X% to $X in 2022. In general, consumption, however, showed significant growth. Over the period under review, the market attained the peak level at $X in 2021, and then dropped significantly in the following year.

Laundry Machine Production in Chile

In value terms, laundry machine production shrank dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Laundry machine production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Laundry Machine Exports

Exports from Chile

In 2022, approx. X units of washing, bleaching or dyeing machines were exported from Chile; jumping by X% compared with the previous year's figure. Over the period under review, exports enjoyed perceptible growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, laundry machine exports skyrocketed to $X in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Bolivia (X units) was the main destination for laundry machine exports from Chile, with a X% share of total exports. Moreover, laundry machine exports to Bolivia exceeded the volume sent to the second major destination, Italy (X units), fivefold. Paraguay (X units) ranked third in terms of total exports with a 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: Italy (X% per year) and Paraguay (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with an X% share of total exports. It was followed by Peru, 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: Italy (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average laundry machine export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw a prominent expansion. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Paraguay ($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 a decline.

Laundry Machine Imports

Imports into Chile

In 2022, purchases abroad of washing, bleaching or dyeing machines decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, laundry machine imports fell notably to $X in 2022. In general, imports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of laundry machine to Chile, with a X% share of total imports. Moreover, laundry machine imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), fivefold. The third position in this ranking was held by Brazil (X units), with a X% share.

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

In value terms, China ($X), Italy ($X) and Brazil ($X) appeared to be the largest laundry machine suppliers to Chile, with a combined X% share of total imports. Germany, Panama and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Panama, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a dramatic descent. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. 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 Italy ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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