In 2023, the production value in the Retail Sale in Non-Specialized Stores sector in Chile reached 9.1015 Trillion Chilean Pesos. Over the past five years, the sector experienced modest growth, marked by a Compound Annual Growth Rate (CAGR) of 2.28%. Notably, the years 2021 and 2022 showed positive year-on-year growth of 17.64% and 8.05%, respectively, signifying recovery post-2020's 14.58% decline. For 2023, the year-on-year increase was a modest 2.53%, indicating a deceleration.
Future trends to watch for:- Predicted steady growth with an anticipated 5-year CAGR of 1.93%.- Close monitoring of factors influencing slower growth rates in recent years.- Potential opportunities for digital transformation and e-commerce to drive future gains.
