Price for Tractors; (Other than Tractors of Heading No 8709) in Chile - 2024
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Chile (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Chile (FOB) - 2024
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Chile
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Chile
Price for Tractors; (Other than Tractors of Heading No 8709) in Chile (CIF) - 2022
In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $125,934 per unit, increasing by 30% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tractors; (other than tractors of heading no 8709)s increased by +104.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($208,526 per unit), while the price for China ($37,669 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Chile (FOB) - 2024
The average export price for tractors; (other than tractors of heading no 8709)s stood at $154K per unit in December 2023, growing by 501% against the previous month. Over the period under review, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was the United States ($88,167 per unit), while the average price for exports to Paraguay ($7,800 per unit) was amongst the lowest.
From October 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Chile
Imports of tractors; (other than tractors of heading no 8709)s into Chile amounted to 6.6K units in 2022, standing approx. at 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of tractors; (other than tractors of heading no 8709)s surged to $835M in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 138% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 131 | 102 | 237 | 393 | 44.2% |
| Germany | 63.3 | 39.9 | 96.8 | 90.0 | 12.4% |
| Mexico | 39.3 | 30.5 | 84.3 | 81.0 | 27.3% |
| United States | 16.1 | 17.0 | 39.4 | 44.6 | 40.4% |
| France | 9.5 | 11.5 | 31.5 | 33.2 | 51.8% |
| China | 11.4 | 7.8 | 31.8 | 32.1 | 41.2% |
| Italy | 15.0 | 9.3 | 25.6 | 31.4 | 27.9% |
| Sweden | 5.3 | 4.7 | 5.1 | 22.9 | 62.9% |
| Netherlands | 6.4 | 9.1 | 19.0 | 22.1 | 51.1% |
| India | 9.4 | 4.1 | 11.7 | 17.0 | 21.8% |
| United Kingdom | 3.7 | 13.6 | 8.3 | 12.6 | 50.4% |
| Japan | 8.7 | 5.2 | 11.6 | 11.1 | 8.5% |
| Spain | 0.8 | 0.3 | 4.9 | 9.2 | 125.7% |
| Others | 14.9 | 11.2 | 27.2 | 34.4 | 32.2% |
| Total | 334 | 266 | 634 | 835 | 35.7% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Chile in 2022:
- Brazil (2079.0 units)
- China (851.0 units)
- Italy (766.0 units)
- Germany (450.0 units)
- Mexico (438.0 units)
- United States (395.0 units)
- India (316.0 units)
- Netherlands (212.0 units)
- Japan (194.0 units)
- Sweden (187.0 units)
- France (159.0 units)
- United Kingdom (132.0 units)
- Spain (115.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Chile
For the fourth year in a row, Chile recorded growth in shipments abroad of tractors; (other than tractors of heading no 8709)s, which increased by 108% to 25 units in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $8.3M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 2,736 | 2,987 | 4,375 | 6,197 | 31.3% |
| Peru | 216 | 394 | 621 | 1,836 | 104.1% |
| Paraguay | 38.5 | 19.5 | 18.8 | 150 | 57.4% |
| Argentina | N/A | 28.6 | 62.6 | 62.6 | 47.9% |
| Brazil | N/A | 42.0 | N/A | 56.6 | 16.1% |
| Afghanistan | N/A | N/A | N/A | 23.1 | 0% |
| Greece | N/A | N/A | N/A | 9.4 | 0% |
| Austria | N/A | N/A | 12.0 | 7.5 | -37.5% |
| Panama | N/A | N/A | N/A | 2.5 | 0% |
| China | 15.0 | N/A | N/A | N/A | 0% |
| France | N/A | 41.5 | 39.2 | N/A | -5.5% |
| Australia | N/A | N/A | 103 | N/A | 0% |
| Others | 227 | 22.9 | N/A | N/A | -89.9% |
| Total | 3,232 | 3,535 | 5,232 | 8,344 | 37.2% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Chile in 2022:
- Bolivia (14.0 units)
- Peru (4.0 units)
- Brazil (1.0 units)
- Afghanistan (1.0 units)
- Panama (1.0 units)
- Austria (1.0 units)
- Greece (1.0 units)
- Paraguay (1.0 units)
- Argentina (1.0 units)
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