The Chilean transport and overhead crane market is rapidly contracting to $X in 2021, down -X% from the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers' profits, which will be included in the final consumer price). During the period under review, consumption experienced a sharp decline. Consumption of transport and overhead cranes peaked at $X in 2013; however, consumption has remained low from 2014 to 2021.
Overseas shipments of haulage cranes, gantry cranes and overhead cranes fell -X% to X units in 2021, falling for the second consecutive year after four years of growth. Overall, there was a sudden drop in exports. The most significant growth rate occurred in 2019, when exports increased by X% year-on-year. As a result, exports peaked at X units. Export growth failed to regain momentum in 2020-21.
In value terms, exports of transport and overhead cranes fell to $X in 2021. Exports continued to show sharp declines during the review period. The most significant growth rate occurred in 2014, when exports increased by X% year-on-year. As a result, exports peaked at X dollars. From 2015 to 2021, the export growth rate will remain at a low level.
The United States (X units), Belgium (X units) and Bolivia (X units) were the main destinations for Chilean transport and overhead crane exports, together accounting for X% of total exports. In addition, U.S. exports of transport aircraft and overhead cranes more than doubled the figures recorded by Belgium, the second largest exporter.
From 2012 to 2021, among the major destination countries, the most significant growth in shipments is Belgium (X%), while other leading countries experience declines.
By value, the largest markets for transport and overhead cranes exported from Chile are the United States ($X), Peru ($X), and Belgium ($X), which together account for X% of total exports. In terms of major destination countries, the U.S. had the highest export value growth rate during the period under review, with a CAGR of +X%, while shipments from other leading countries showed a mixed trend pattern.
By 2021, after five years of growth, the foreign supply of haulage cranes, gantry cranes and overhead cranes fell significantly, with their numbers decreasing by -X% to X units. During the period under review, however, there was a significant increase in imports. The most significant growth rate occurred in 2013, when imports increased by X% year-on-year. As a result, imports peaked at X units. Import growth will remain low between 2014 and 2021.
Imports of transport and overhead cranes fell sharply to $X in 2021 in value terms. But overall, imports showed elastic growth. The most significant growth rate occurred in 2013, with an X% year-on-year increase. Imports 3 ton gantry crane peaked at $X in 2018; however, imports declined slightly from 2019 to 2021.
In 2021, South Korea (X units) is Chile's largest supplier of transport and overhead cranes, accounting for X% of total imports. In addition, transport and overhead cranes imported from South Korea were three times the number recorded by the second largest supplier, Austria (X units). In third place is China (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of sales in South Korea is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Austria (+X% per annum) and China (+X% per annum).
By value, Chile's largest suppliers of transport and overhead cranes are South Korea ($X), Austria ($X) and China ($X), accounting for X% of total imports. In terms of major suppliers, South Korea had the highest growth in import value during the period under review, with a CAGR of +X%, while purchases from other leading countries grew more modestly.
South Korea, Austria and China are Chile's largest suppliers of transport and overhead cranes by value, together accounting for 49% of total imports.
By value, Chile's largest markets for transport and overhead crane exports are the United States, Peru and Belgium, which together account for 67% of total exports.
In 2021, the average export price of transport and overhead cranes will be $9,119 per unit, an increase of 56% from the previous year.
In 2021, the average import price of transport and overhead cranes is $3,522 per unit, down -38.6% from the previous year.
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