Chile’s lifting equipment market surges to $X in 2021, growing by X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, however, consumption continued to show a modest pullback. As a result, consumption reaches a peak level of X dollars. From 2016 to 2021, the growth of the market failed to regain momentum.
Chile’s lifting equipment export scale
In 2021, Chilean hoisting equipment exports will drop significantly to X units, a year-on-year decrease of -X%. However, exports continued to show strong expansion momentum during the period under review. The most significant growth rate occurred in 2019, when exports increased by X% over the previous year. As a result, exports peaked at X units. From 2020 to 2021, the growth rate of exports will remain at a low level.
In value terms, hoisting equipment exports fell significantly to $X in 2021. Overall, exports contracted sharply. The fastest growth in 2019, with exports up X%. As a result, exports peaked at X dollars. From 2020 to 2021, the growth rate of exports will remain at a low level.
Spain (X units) was the main destination for Chilean hoisting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to Spain are twice as large as to Peru (X units), the second largest destination. In third place is Germany (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of cargo volumes to Spain is +X%. Exports to other major destinations recorded the following average annual export growth rates: Peru (-X% per annum) and Germany (+X% per annum).
In value terms, Peru ($X), Bolivia ($X) and Spain ($X) appear to be the largest markets for Chilean hoisting equipment exports globally, together accounting for X% of total exports. This is followed by Canada, Germany, Uruguay and Denmark, which have a +X% CAGR and the highest export value growth among major destination countries. During the period under review, the other leaders saw more modest growth in shipments.
Chile’s hoisting equipment import scale
In 2021, the number of hoisting equipment imported by Chile has risen sharply to X units, an increase of X% over the 2020 figure. However, imports fell slightly during the period under review. The most significant growth rate occurred in 2015, when imports increased by X% over the previous year. As a result, imports peaked at X units. Import growth will remain low between 2016 and 2021.
Lifting equipment imports surge to $X by value in 2021. But overall, imports fell slightly. The most significant growth rate occurred in 2018, when imports increased by X%. During the period under review, imports reached a record $X in 2012; however, from 2013 to 2021, imports decreased slightly.
In 2021, China (X units) is Chile’s largest supplier of lifting equipment, accounting for X% of total imports. In addition, imports of lifting equipment from China were twice as high as the number recorded by the second largest supplier, the United States (X units). In third place is Spain (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of sales from China is +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: the United States (+X% per year) and Spain (-X% per year).
By value, Chile’s largest suppliers of lifting equipment are Canada ($X), Germany ($X) and South Africa ($X), which together account for X% of total imports. In terms of major suppliers, South Africa recorded the highest growth in import value with a CAGR of +X%, while purchases from other leading suppliers declined during this period.
Statistics of various crane suppliers in Chile
Canada, Germany and South Africa appear to be Chile’s largest suppliers of lifting equipment by value, together accounting for 40% of total imports.
By value, the largest markets for hoisting equipment exports from Chile are Peru, Bolivia and Spain, which together account for 62% of total exports. Canada, Germany, Uruguay and Denmark are slightly behind, with a combined 37%.
The average export price of hoisting equipment in 2021 will be USD 2019/unit, a year-on-year decrease of -41.6%.
The average import price of hoisting equipment in 2021 will be US$4,002 per unit, a year-on-year increase of 46%.
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Chile: 2022 Lifting Equipment Market Analysis
