Chile: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Chile

In 2021, the Chilean market for wiring sets used in vehicles, aircraft or ships increased by 114% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Chile

In 2021, exports of wiring sets used in vehicles, aircraft or ships from Chile dropped to X tons, with a decrease of -6.4% against the year before. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2014 when exports increased by 225% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships totaled $X in 2021. Over the period under review, exports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of 125% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Bolivia (X kg) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Chile, accounting for a 35% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Bolivia exceeded the volume sent to the second major destination, Brazil (X kg), twofold. The third position in this ranking was taken by the United States (X kg), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+49.5% per year) and the United States (+51.4% per year).

In value terms, Bolivia ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Chile, comprising 37% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Peru, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+55.8% per year) and Peru (+6.4% per year).

Export Prices by Country

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 111%. The export price peaked at $X per ton in 2012; however, from 2013 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 Peru ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Chile

In 2021, after three years of decline, there was significant growth in overseas purchases of wiring sets used in vehicles, aircraft or ships, when their volume increased by 183% to X tons. Over the period under review, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wiring sets used in vehicles, aircraft or ships surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Chile, with a 46% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.9% per year) and the United States (-1.2% per year).

In value terms, China ($X), the United States ($X) and Brazil ($X) were the largest wiring sets used in vehicles, aircraft or ships suppliers to Chile, with a combined 50% share of total imports.

Among the main suppliers, China, with a CAGR of +10.9%, 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 import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, falling by -44.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 51% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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