Chile: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Chile

The Chilean metal broaching machine market surged to $X in 2023, rising by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Metal broaching machine consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Metal Broaching Machine Production in Chile

In value terms, metal broaching machine production totaled $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Metal broaching machine production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Metal Broaching Machine Exports

Exports from Chile

In 2023, the amount of broaching machines for working metal exported from Chile declined sharply to less than X units, reducing by X% compared with the previous year. In general, exports, however, saw a significant expansion. Over the period under review, the exports hit record highs at X units in 2022, and then contracted dramatically in the following year.

In value terms, metal broaching machine exports contracted remarkably to $X in 2023. Overall, exports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for metal broaching machine exports from Chile, accounting for a X% share of total exports. Moreover, metal broaching machine exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X units), twofold. Uruguay (X units) ranked third in terms of total exports with a X% share.

From 2019 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Uruguay (X% per year).

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

From 2019 to 2022, the average annual rate of growth in terms of value 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 Uruguay (X% per year).

Export Prices by Country

In 2022, the average metal broaching machine export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price continues to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bolivia ($X per unit) and Peru ($X per unit), while the average price for exports to Paraguay ($X per unit) and Uruguay ($X per unit) were amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (X%), while the prices for the other major destinations experienced a decline.

Metal Broaching Machine Imports

Imports into Chile

In 2023, the amount of broaching machines for working metal imported into Chile declined remarkably to X units, shrinking by X% compared with the previous year. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, metal broaching machine imports dropped rapidly to $X in 2023. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

China (X units), South Africa (X units) and the United States (X units) were the main suppliers of metal broaching machine imports to Chile, together comprising X% of total imports. Spain, France, Italy and the UK lagged somewhat behind, together accounting for a further X%. Moreover, metal broaching machine imports in China exceeded the figures recorded by the second-largest supplier, South Africa, twofold.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and South Africa ($X) appeared to be the largest metal broaching machine suppliers to Chile, with a combined X% share of total imports.

Among the main suppliers, Spain, with a CAGR of X%, recorded 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

In 2023, the average metal broaching machine import price amounted to $X per unit, growing by X% against the previous year. In general, the import price showed buoyant growth. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, average import prices reached the maximum in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform