Chile: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Chile

In 2022, the Chilean machine-tool for working metal market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed significant growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Machine Tools For Working Metal in Chile

In value terms, machine-tool for working metal production dropped to $X in 2022 estimated in export price. In general, production continues to indicate temperate growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Chile

In 2022, the amount of machine tools for working metal exported from Chile surged to X units, rising by X% on 2021 figures. In general, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working metal exports surged to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X units) was the main destination for machine-tool for working metal exports from Chile, accounting for a X% share of total exports. Moreover, machine-tool for working metal exports to Argentina exceeded the volume sent to the second major destination, Peru (X units), twofold. Bolivia (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 Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Bolivia (X% per year).

In value terms, the largest markets for machine-tool for working metal exported from Chile were Peru ($X), Argentina ($X) and Bolivia ($X), together comprising X% of total exports.

In terms of the main countries of destination, Argentina, with a CAGR of X%, saw 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

The average machine-tool for working metal export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, recorded temperate growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Imports of Machine Tools For Working Metal

Imports into Chile

In 2022, supplies from abroad of machine tools for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, machine-tool for working metal imports reduced dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main machine-tool for working metal supplier to Chile, accounting for a X% share of total imports. It was followed by the United States (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of machine tools for working metal to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

The average machine-tool for working metal import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price faced a dramatic decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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