The import of undenatured ethyl alcohol to Chile saw significant fluctuations over the past decade. In 2023, the import volume stood at 32.027 million kilograms, showing a modest year-on-year increase of 1.21%. Despite this, the overall trend from 2013 to 2023 depicts a fluctuating market with sporadic decreases and increases.
Notable variations include a 60.95% increase in 2014, a -22.66% decrease in 2016, and another sizeable decrease of -11.97% in 2019. The most recent five years show a stabilization with a slight declining trend, averaging a negative CAGR of -0.45%.
Looking forward, the forecasted import volumes for the next five years predict a gradual increase, starting from 32.447 million kilograms in 2024 to 34.024 million kilograms in 2028, reflecting a forecasted 5-year CAGR of 0.95% and an overall growth rate of 4.86%.
Future trends to monitor include global market conditions affecting ethyl alcohol production, potential regulatory changes, and the impact of emerging sustainable alternatives to ethanol that may influence import volumes.