Bauxite Market in Chile
Market Overview
In 
, the Chilean bauxite market increased by % to $, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a drastic downturn. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, the Chilean bauxite market increased by % to $, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a drastic downturn. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of bauxite increased by % to tons, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, faced a drastic downturn. Bauxite consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The revenue of the bauxite market in Chile skyrocketed to $ in , with an increase of % 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, however, showed a deep setback. Bauxite consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, consumption of bauxite increased by % to tons, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, faced a drastic downturn. Bauxite consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The revenue of the bauxite market in Chile skyrocketed to $
in , with an increase of % 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, however, showed a deep setback. Bauxite consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for bauxite 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
Bauxite market in Chile consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Chile relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Chile remains a net importer of bauxite; 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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