Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile - 2024

Contents:

  1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile (CIF) - 2024
  2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile (FOB) - 2024
  3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile
  4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile (CIF) - 2024

In February 2024, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $37,635 per unit, dropping by -32.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 85% month-to-month. The import price peaked at $56,119 per unit in January 2024, and then declined remarkably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the UK ($127K per unit), while the price for Japan ($15,260 per unit) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile (FOB) - 2024

In January 2024, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $15,304 per unit, waning by -51.2% against the previous month. In general, the export price saw a dramatic shrinkage. The pace of growth was the most pronounced in December 2023 an increase of 21% against the previous month. The export price peaked at $92,741 per unit in October 2023; however, from November 2023 to January 2024, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($15,922 per unit), while the average price for exports to Peru ($5,000 per unit) was amongst the lowest.

From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Peru (0.0%), while the prices for the other major destinations experienced a decline.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile

In 2022, approx. 6K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Chile; increasing by 18% compared with the previous year. Overall, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 22%. Imports peaked at 7.8K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs fell to $225M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of $227M, leveling off in the following year.

Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States14339.887.684.0-16.3%
Japan25.68.116.724.8-1.1%
Germany22.26.59.711.1-20.6%
Mexico2.01.93.26.346.6%
South Korea4.10.89.24.10.0%
United Arab EmiratesN/A0.70.91.651.2%
Canada13.90.20.20.4-69.4%
Others15.282.699.392.582.6%
Total226141227225-0.1%

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Chile in 2022:

  1. United States (3120.0 units)
  2. Japan (1039.0 units)
  3. South Korea (188.0 units)
  4. Mexico (185.0 units)
  5. Germany (175.0 units)
  6. United Arab Emirates (77.0 units)
  7. Canada (18.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile

In 2022, overseas shipments of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs increased by 24% to 263 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp contraction. Over the period under review, the exports of attained the maximum at 543 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs dropped to $8M in 2022. Overall, exports, however, showed a sharp shrinkage. The exports peaked at $30M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bolivia15.73.44.45.3-30.4%
United States0.43.92.81.140.1%
Paraguay0.90.30.20.4-23.7%
Spain0.20.50.10.426.0%
ChinaN/AN/AN/A0.20%
Argentina0.40.50.20.2-20.6%
PortugalN/AN/AN/A0.10%
Peru0.90.20.10.1-51.9%
CubaN/AN/AN/AN/A0%
NetherlandsN/AN/AN/AN/A0%
Others12.00.40.30.1-79.7%
Total30.49.28.18.0-35.9%

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Chile in 2022:

  1. Bolivia (192.0 units)
  2. Spain (10.0 units)
  3. China (8.0 units)
  4. Paraguay (7.0 units)
  5. Argentina (7.0 units)
  6. Netherlands (6.0 units)
  7. Portugal (6.0 units)
  8. Cuba (6.0 units)
  9. Peru (6.0 units)
  10. United States (4.0 units)

Source: IndexBox Market Intelligence Platform

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