The import of articles of precious, semi-precious, and artificial stones to Chile has shown significant variability over the past decade. After starting at 87.43 thousand USD in 2013, imports reached 495.64 thousand USD by 2023. Notably, from 2013 to 2016, there was a marked increase, with a peak growth of 66.79% in 2016. This was followed by a decrease and subsequent recovery, highlighted by a dramatic increase of 150.5% in 2018. From 2019 to 2022, fluctuations continued but with a more moderate year-on-year growth, such as 5.12% in 2022 and 4.78% in 2023.
Key points on variations:
- The most significant annual increase was 150.5% in 2018.
- The largest annual decrease occurred in 2013 with a -59.37% drop.
- The Compound Annual Growth Rate (CAGR) over the past five years shows a moderate increase of 0.28%, while the forecasted CAGR for the next five years is 3.35%, suggesting steady future growth.
Future trends to watch for include:
- Potential impact of Chilean economic policies on import activities.
- Global price fluctuations in precious and semi-precious stones.
- Emerging market demands in the jewelry and electronics sectors driving import needs.
- Sustainability and ethical sourcing practices influencing consumer preferences and regulatory frameworks.
