Between 2014 and 2023, the volume of distilled alcoholic beverages imported into Chile has shown fluctuations with notable peaks and drops. In 2016 and 2021, we observed significant year-on-year increases of 23.08% and 20.48%, respectively. Conversely, 2017 and 2020 experienced sharp declines of 25% and 17%. The Compound Annual Growth Rate (CAGR) over the past five years stands at 0.82%, reflecting a relatively stable but slow upward trend.
As of 2023, the import volume was 25.0 thousand metric tons. The forecast indicates a very modest growth trajectory with the volume expected to reach 25.25 thousand metric tons by 2028, suggesting a forecasted CAGR of just 0.14%, and an overall 5-year growth rate of 0.72%.
Future Trends to Watch For:
- Potential impacts of global supply chain disruptions on import volumes.
- Shifts in consumer preferences towards local versus imported distilled beverages.
- Changes in trade policies and tariffs that may affect import costs.
- Market reactions to economic conditions and purchasing power in Chile.