Chile Road Freight Transport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Chile Road Freight Transport Market is segmented by destination (Domestic, International), by End User (Manufacturing and Automotive), Oil and Gas, Mining, and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Pharmaceutical and Healthcare, and Other End Users). The report offers market size and forecast values (USD) for all the above segments.

Chile Road Freight Transport Market Size

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Chile Road Freight Transport Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 4.00 %
Market Concentration High

Major Players

Chile Road Freight Transport Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Chile Road Freight Transport Market Analysis

During the time frame of the forecast, the Chilean road freight transport market is expected to grow at a CAGR of more than 4%.

The COVID-19 limited the number of people who could work on road freight and product distribution in South America and many other parts of the world. This made it harder to import goods.The government came up with other ways to keep Chilean markets stable and create export opportunities that would last until the global economy and markets got back to normal.This made the road freight industry sustainable to a certain extent.

The World Bank has ranked Chile as the region's best in terms of logistics in Latin America and the Caribbean. However, it remains below the competitiveness levels of other OECD countries.

In the first quarter of 2020, because of COVID-19, the number of online orders dropped by 42.2%.After the first quarter, the e-commerce industry started improving, and sales increased to 9.4% during the pandemic. The National Institute of Statistics said that the Transportation Cost Index (ICT) went up by 2.2% each month in January 2021.The rise in the fuel group (5.5%), which had an effect of 1,269 percentage points (pp), was the main reason for the result.

In January 2021, the Chilean Ministry of Science started a new open innovation challenge to find a way for cargo-carrying vehicles to move around in the city of Santiago. This method would use automatic data generation, collection, and processing technologies. This will help plan and develop quality, efficient, safe, and sustainable transport systems. Road congestion in Santiago generates, on average, an extra 47 minutes of travel per day (Traffic Index), which, according to the Inter-American Development Bank (IDB), increases freight transport costs by almost 13 billion pesos (1 Peso is equals to USD 0.018) annually.

Chile Road Freight Transport Market Trends

Growth in the E-commerce Sector is Driving the Market

eCommerce has grown over the last ten years, thanks to Chile's fast and ongoing development of its technological infrastructure, the launch of 5G service in December 2021, and the growing popularity of eCommerce since the start of the pandemic.In 2021, B2C eCommerce sales reached USD 11.6 billion, a 23 percent increase compared to 2020, and in 2022 eCommerce sales are up by the same rate, reaching USD 14.3 billion. In addition to the influence of the COVID-19 pandemic on eCommerce growth, other contributing factors are pension fund withdrawals and the government's financial stimulus.

According to industry sources, e-commerce is forecast to grow by 28 percent for the period 2020-2024, reaching USD 35 billion in sales. The number of eCommerce users is expected to grow by 11 percent to 13 million by 2025. The factors driving this growth are an 86 percent internet penetration rate in 2021 and incentives provided by discounts and massive events such as Cyberdays. The demographics of online shoppers are evenly divided between men and women.

The largest demographic using eCommerce is 25 to 34 year olds (28 percent), followed by 35 to 44 year olds (24 percent), 45 to 54 year olds (19 percent), 18 to 24 year olds (17 percent), and 55 to 64 year olds (13 percent). Most buyers have a high household income (37 percent), followed by low income (33 percent) and middle income (30 percent). The top five eCommerce product categories are clothing (75 percent), shoes (73 percent), consumer electronics (65 percent), food and drinks (58 percent), and household appliances (55 percent).

In the second quarter of 2022, 18% of cross-border e-commerce purchases from Amazon were made in Chile. Meanwhile, AliExpress's market share decreased from 42 percent in the third quarter of 2019 to 19 percent in the same quarter of 2022. Another popular e-commerce platform in Chile is Mercado Libre, headquartered in Buenos Aires, Argentina.

Chile Road Freight Transport Market: Distribution of cross-border e-commerce transactions, By Purchase Channel, in Percentage, from Q4 2019 to Q2 2022, Chile

Rise in Trade in the Country is Witnessing a Significant Growth in the Sector

As globalization has grown over the past few years, more trade-related activities have sprung up.Globalization is getting stronger, which has led to more manufacturing and trading in the country.As trade grows, it becomes more important to find efficient ways to move goods, which helps the road freight transportation market in Chile grow.

Chile exported USD 7.97 billion and imported USD 6.27 billion in November 2022, resulting in a USD 1.7 billion positive trade balance. Between November 2021 and November 2022, the exports of Chile have increased by USD 9.74 million (0.12%), from USD 7.96 billion to USD 7.97 billion, while imports have decreased by USD 1.7 billion (21.3%), from USD 7.97 billion to USD 6.27 billion.

In November 2022, most of Chile's exports came from Las Condes (USD 3.58 billion), Santiago (USD 1.84 billion), Puerto Montt (USD 411 million), Rancagua (USD 204 million), and La Serena (USD 159 million). Most of Chile's imports went to Las Condes (USD 2.1 billion), Providencia (USD 1.07 billion), Quilicura (USD 626 million), Santiago (USD 568 million), and Huechuraba (USD 323 million).

The increase in Chile's year-on-year exports in November 2022 was primarily explained by increases in exports to China (USD 968 million or 34.9%), the United States (USD 98.1 million or 11.7%), and South Korea (USD 69.5 million or 19.7%), as well as product exports of copper ore (USD 538 million or 29.3%), pitted fruits (USD 324 million or 44.8%), and refined copper (USD 283 million or 25.3%). In November 2022, the decrease in Chile's year-by-year imports was explained primarily by a decrease in imports from the United States (USD 141 million, or -8.92%), Sweden (USD 93.2 million, or -75.8%), and Argentina (USD 75.9 million, or -21.2%), and product imports of medical instruments (USD 132 million, or -52.1%), bovine meat (USD 112 million, or -46.4%), and valves (USD 70.4 million, or -51.2%).

Chile Road Freight Transport Market: Top 5 Imported Countries From Chile, in USD Millions, November 2022

Chile Road Freight Transport Industry Overview

The Chile Road Freight market is competitive and fragmented with the presence of many local as well as international players, this makes the sector highly competitive. Some of the key players include Agunsa, Sotraser, Blue Express, Andes Logistics, Transportes Casablanca, and Transportes Nazar amongst others. The country is considered to have great potential for both European and Spanish logistics providers and there are multiple benefits for other countries to develop their business operations in Chile as well.

Chile Road Freight Transport Market Leaders

  1. Andes Logistics de Chile S.A.

  2. Agunsa

  3. Transportes Casablanca

  4. Transportes Nazar

  5. Sotraser

*Disclaimer: Major Players sorted in no particular order

Chile Road Freight Transport Market Concentration
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Chile Road Freight Transport Market News

  • February 2023: Due to the lack of available spaces for RoRo ships, Agunsa's chartering area in China and Chile accepted the challenge and developed a comprehensive solution to ship 400 electric buses in five bulk ships on time through their POS subsidiary. For AGUNSA, this project is highly relevant since, in addition to providing a comprehensive solution to the client, it allows them to contribute to the electromobility process of the public transport system.
  • November 2022: The International Finance Corporation (IFC), part of the World Bank Group, will grant the first loan linked to sustainability to a company in the logistics services sector in Chile. The financing of USD 70 million for AGUNSA, a leader in the global transport of merchandise with operations in 20 countries in Latin America and the Caribbean, Europe, and Asia, is associated with the fulfillment of goals related to the reduction of water consumption and gender equality.

Chile Road Freight Transport Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Technological Trends

    3. 4.3 Government Regulations

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Overview of Logsitics and Warehousing Market in Chile

    6. 4.6 Brief on Freight Rates

    7. 4.7 Spotlight on 3PL Market in Chile

    8. 4.8 Demand and Supply Analysis

    9. 4.9 E-Commerce Logistics Market in Chile

    10. 4.10 Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Drivers

    2. 5.2 Restraints

    3. 5.3 Opportunities

    4. 5.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Suppliers

      2. 5.4.2 Bargaining Power of Consumers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitutes

      5. 5.4.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Destination

      1. 6.1.1 Domestic

      2. 6.1.2 International

    2. 6.2 By End-User

      1. 6.2.1 Manufacturing and Automotive)

      2. 6.2.2 Oil and Gas, Mining, and Quarrying

      3. 6.2.3 Agriculture, Fishing, and Forestry

      4. 6.2.4 Construction

      5. 6.2.5 Distributive Trade

      6. 6.2.6 Pharmaceutical and Healthcare

      7. 6.2.7 Other End-Users

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Overview (Market Concenttration and Major Players)

    2. 7.2 Company Profiles

      1. 7.2.1 Andes Logistics de Chile S.A.

      2. 7.2.2 Agunsa

      3. 7.2.3 Transportes Casablanca

      4. 7.2.4 Transportes Nazar

      5. 7.2.5 Sotraser

      6. 7.2.6 Transportes CCU Limitada

      7. 7.2.7 Transportes Tamarugal Limitada

      8. 7.2.8 Logistica Linsa S.A.

      9. 7.2.9 Fe Grande Maquinarias y Servicios S.A.

      10. 7.2.10 Transportes Interandinos SA*

    3. *List Not Exhaustive
  8. 8. FUTURE OUTLOOK OF THE MARKET

  9. 9. APPENDIX

    1. 9.1 Macroeconomic Indicators (GDP Distribution by Activity, Contribution of Transport and Storage Sector to economy)

    2. 9.2 Insights on Capital Flows (investments in Transport and Storage Sector)

    3. 9.3 E-commerce and Consumer Spending-related Statistics

    4. 9.4 External Trade Statistics

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Chile Road Freight Transport Industry Segmentation

The transportation of goods/products via roadways is referred to as road freight transport. It is also one of the world's most traditional kinds of logistics, as well as the most widely used mode of transportation worldwide. If and when needed, road freight is utilized in combination with air and sea freight modes to provide door-to-door delivery. A comprehensive background analysis of the Chile road freight market covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry is provided in this report. The impact of COVID-19 has also been incorporated and considered during the study.

The Chile Road Freight Market is segmented by destination (domestic and international), by end user (manufacturing (including automotive), oil and gas, mining and quarrying, agriculture, fishing, and forestry, construction, pharmaceuticals and healthcare, and other end users). The report offers market size and forecast values in (USD) for all the above segments.

By Destination
Domestic
International
By End-User
Manufacturing and Automotive)
Oil and Gas, Mining, and Quarrying
Agriculture, Fishing, and Forestry
Construction
Distributive Trade
Pharmaceutical and Healthcare
Other End-Users
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Chile Road Freight Transport Market Research FAQs

The Chile Road Freight Transport Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Andes Logistics de Chile S.A., Agunsa, Transportes Casablanca, Transportes Nazar and Sotraser are the major companies operating in the Chile Road Freight Transport Market.

The report covers the Chile Road Freight Transport Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Chile Road Freight Transport Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Chile Road Freight Transport Industry Report

Statistics for the 2024 Chile Road Freight Transport market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chile Road Freight Transport analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Chile Road Freight Transport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)