The fuel exports in Chile experienced considerable fluctuations from 2013 to 2023, with a noteworthy decline between 2014 and 2020. A notable growth of 111.93% was observed in 2022, which was followed by a slight dip of 5.35% in 2023, where the exports stood at 1.64 units. Over the last five years leading up to 2023, the Compound Annual Growth Rate (CAGR) was 6.76%.
Future trends present a cautious optimism, reflecting a stable increase from 2024 leading up to 2028 with an average annual growth rate (CAGR) of 0.41% and an overall forecasted growth rate of 2.05%. This suggests a slight, steady uptrend potentially driven by market stabilization or increased efficiency in fuel exporting processes.
Future trends to watch for:
- Global demand fluctuations impacting Chile’s fuel exports.
- Technological advancements in fuel extraction and exportation methods.
- Geopolitical developments affecting trade routes and international relations.
- Environmental regulations and their impact on the fuel export market.
