Natural Quartz Crystal Market in Chile
Market Overview
In 
, the Chilean natural quartz crystal market increased by % to $, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a precipitous contraction. Natural quartz crystal consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, the Chilean natural quartz crystal market increased by % to $, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a precipitous contraction. Natural quartz crystal consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Consumption
In , consumption of quartz crystal (natural) decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a precipitous slump. Over the period under review, consumption attained the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The value of the natural quartz crystal market in Chile dropped notably to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a dramatic slump. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, consumption of quartz crystal (natural) decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a precipitous slump. Over the period under review, consumption attained the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The value of the natural quartz crystal market in Chile dropped notably to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a dramatic slump. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for natural quartz crystal in Chile, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Natural quartz crystal market in Chile consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Chile remains a net importer of natural quartz crystal; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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