The Chilean market for pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2021, growing by X% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.
In value terms, production of pulley tackle and hoists powered by an electric motor shrank to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.
In 2021, the number of motor-driven pulley blocks and cranes exported from Chile surged to X units, an increase of X% over the previous year. Overall, however, exports have suddenly fallen. The growth rate was most pronounced in 2015, with exports up X% over the previous year. In 2012, exports peaked at X units; however, from 2013 to 2021, exports failed to regain momentum.
In terms of value, in 2021, the export of electric pulley blocks and cranes soared to X US dollars. However, the value of exports fell sharply during the period under review. 2015 saw the highest growth rate with an increase of X%. In 2012, exports peaked at $X; however, exports remained low from 2013 to 2021.
Bolivia (X units) is the main export destination of Chilean motor-driven pulley blocks and cranes, accounting for X% of total exports. In addition, the number of pulley blocks and electric hoists exported to Bolivia exceeded the number (X units) exported to the second largest destination Peru by eight times. In third place is Spain (X units), with a share of X%. From 2012 to 2021, Bolivia's average annual growth rate is relatively modest. The average annual growth rate of exports to the other main destinations is as follows: Peru (-X% per year) and Spain (+X% per year).
In terms of value, Bolivia (USD X) remains the main foreign market for Chilean exports of electric motor driven pulley blocks and cranes, accounting for X% of total exports. In second place is Peru ($X), with X% of total exports. It is followed by Spain with an X% share. Between 2012 and 2021, Bolivia's average annual value growth will total +X%. The average annual growth rate of exports to the other main destinations is as follows: Peru (-X% per year) and Spain (+X% per year).
In 2021, Chile imported approximately X sets of pulley blocks and cranes powered by electric motors; an increase of X% compared to 2020. Overall, imports showed moderate growth. As a result, imports have peaked and may continue to grow in the short term. In terms of value, imports of pulley blocks and cranes powered by electric motors have grown substantially to $X in 2021. Overall, however, imports are still shrinking markedly. The growth rate was most notable in 2017, with an increase of X% compared to the previous year. In 2012, imports peaked at $X; however, from 2013 to 2021, imports remain at low levels.
In 2021, China (X units) becomes Chile's largest supplier of electric pulley blocks and cranes, accounting for X% of total imports. This is followed by South Korea (X units), accounting for X% of total imports. Germany (unit X) ranks third in total imports with a share of X%.
From 2012 to 2021, China's average annual growth rate will total +X%. The average annual growth rates of imports for the remaining suppliers are as follows: South Korea (-X% per year) and Germany (-X per year).
The largest pulley blocks and cranes powered by Chilean electric motor suppliers by value were China (USD X), Germany (USD X), and the United States (USD X, together accounting for X% of total imports). During the reporting period, With a CAGR of +X%, China has the highest growth rate of import value among major suppliers, while purchases from other countries have declined.
In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Chile were China, Germany and the United States, together comprising 55% of total imports.
In value terms, Bolivia remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Chile, comprising 67% of total exports. The second position in the ranking was held by Peru, with a 14% share of total exports. It was followed by Spain, with a 4.8% share.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $53 per unit, with an increase of 20% against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $521 per unit in 2021, falling by -53.8% against the previous year.
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