From January to October 2021, the bilateral import and export volume of goods between China and Chili was US$53,189.14 million, an increase of US$17,685.3848 million compared with the same period in 2020, a year-on-year increase of 46.6%.
From January to October 2021, the total value of China's exports to Chile was US$21,048,627,100, an increase of US$9,069,776,100 compared with the same period in 2020, a year-on-year increase of 75.9%; the total value of China's imports from Chile was US$32,140,515,700, compared with 2020. During the same period, it increased by 8,615,609,700 US dollars, a year-on-year increase of 32.2%.
The latest foreign trade report compiled by the Research Department of the General Administration of Customs of Chile shows that from January to December 2021, Chile's exports reached US$92.155 billion, a year-on-year increase of 29.6%, and imports reached US$87.512 billion, a year-on-year increase of 56.7%. In addition, China continues to remain Chile's largest trading partner.
Although the trade between China and Chile continues to grow, the export of crane equipment to South American countries such as Chile has been greatly negatively affected by the surge in sea freight. Dongqi Crane has reached a total of 3 crane cooperation projects with Chilean customers in 2021. For how the market will change in 2022, Dongqi Crane needs a deeper understanding of the Chilean crane market. This article will analyze the market size and import and export data of Chilean overhead cranes to help better open the Chilean crane market
Before we start discussing the aerial crane market in Chile, we have a few small questions that need to be answered first. Let’s take a look
The Chilean Overhead Crane Market fell -X% to $X in 2020, falling for the second consecutive year after four years of growth. Overall, from 2007 to 2020, total consumption has grown significantly: its value has grown at an average annual rate of +X% over the past 13 years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. According to 2020 data, consumption is down -X% compared to the 2018 index. In 2012, the growth rate was the fastest, and the market value increased by X% year-on-year. During the period under review, the market reached its highest level of X dollars in 2018; however, from 2019 to 2020, consumption was at a lower level.
In value terms, the production of overhead cranes in 2020 has shrunk significantly to $2020 (estimated at export prices). Overall, there has been a significant increase in production. The fastest growth in 2017, with an X% year-on-year increase in production. As a result, production peaked at X dollars. From 2018 to 2020, the growth rate of production remained at a low level.
In 2020, overseas shipments of fixed-support overhead cranes increased by X% to X units for the first time since 2017, ending a two-year downward trend. Overall, however, exports faced a sharp decline. The most significant growth rate occurred in 2017, when exports increased by X% year-on-year. As a result, exports peaked at X units. From 2018 to 2020, the growth rate of exports remained at a low level.
Overhead crane exports surged to $X in 2020 by value. However, exports showed resilient growth during the period under review. The growth rate was most pronounced in 2009, with exports increasing by X% year-on-year. During the period under review, exports peaked at $X in 2015; however, from 2016 to 2020, exports have been at lower levels.
Peru (X units) is the main destination for Chilean bridge crane exports, accounting for X% of total exports. It was followed by Bolivia (X units) with X% of total exports.
From 2007 to 2020, the average annual growth rate of exports to Peru totaled -X%.
In value terms, Peru (USD X) remains the leading foreign market for Chilean bridge crane exports, accounting for X% of total exports. In second place is Bolivia ($X) with X% of total exports.
From 2007 to 2020, the value to Peru has grown at an average annual rate of +X%.
In 2020, the number of fixed-support overhead cranes imported into Chile was significantly reduced to X units, a -X% decrease from 2019. During the period under review, imports fell sharply. The growth rate was most pronounced in 2011, when imports increased by X% over the previous year. During the period under review, imports reached a maximum of X units in 2013; however, from 2014 to 2020, imports failed to regain momentum.
In value terms, bridge crane imports contracted significantly to $X in 2020. Overall, imports fell sharply. The most significant growth rate occurred in 2011, which was an X% increase compared to the previous year. As a result, imports peaked at X dollars. Import growth remained low between 2012 and 2020.
The United States (unit X), China (unit X) and Australia (unit X) are the main suppliers of bridge crane imports to Chile, together accounting for X% of total imports.
From 2007 to 2020, among the major suppliers, the U.S. achieved the most significant growth rate in purchasing, while imports by other leaders experienced more modest growth rates.
The United States (USD X) is the largest supplier of overhead cranes to Chile by value, accounting for X% of total imports. In second place is China ($X) with X% of total imports. It is followed by Spain with an X% share.
Average annual growth in U.S. values from 2007 to 2020 is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (-X% per annum) and Spain (-X% per annum).
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