Chile: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Chile

After two years of growth, the Chilean market for electrical boards, panels, consoles, desks and cabinets decreased by X% to $X in 2023. Over the period under review, the total consumption indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Electric board, desk and panel consumption peaked at $X in 2022, and then declined in the following year.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Chile

In 2023, approx. X units of electrical boards, panels, consoles, desks and cabinets were exported from Chile; which is down by X% against 2022 figures. Over the period under review, exports, however, posted a slight expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, electric board, desk and panel exports dropped rapidly to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Peru (X units), Bolivia (X units) and Canada (X units) were the main destinations of electric board, desk and panel exports from Chile, with a combined X% share of total exports. Brazil, Uruguay, Panama, the Netherlands and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Canada ($X) and Bolivia ($X) were the largest markets for electric board, desk and panel exported from Chile worldwide, together accounting for X% of total exports. Brazil, Uruguay, Panama, the Netherlands and the United States lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Chile

In 2023, after two years of growth, there was significant decline in supplies from abroad of electrical boards, panels, consoles, desks and cabinets, when their volume decreased by X% to X units. Overall, total imports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2022, and then shrank rapidly in the following year.

In value terms, electric board, desk and panel imports fell to $X in 2023. Over the period under review, total imports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, China (X units) constituted the largest electric board, desk and panel supplier to Chile, accounting for a X% share of total imports. Moreover, electric board, desk and panel imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the largest electric board, desk and panel suppliers to Chile were China ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. Turkey and Spain lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2013; afterwards, it flattened through to 2023.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform