The production in the Sports Activities sector in Chile has shown notable fluctuations over the past decade. Starting in 2014, the value stood at 426.15 billion CLP and experienced a dip in 2015, followed by a significant rebound and fluctuating growth thereafter. In 2023, the production value reached 743.06 billion CLP, showing a yearly increase of 2.65% from 2022. Over the last two years, the sector saw a steady average annual growth (CAGR) of 1.44%.
Significant year-on-year changes include a substantial 33.71% increase in 2016 and 30.21% in 2018. The sector also saw notable declines, such as a 14.46% drop in 2020, likely impacted by global events. However, a strong recovery followed, with significant increases in 2021 and beyond.
Looking forward, forecasted data suggests continued growth with a 5-year CAGR of 1.99%, projecting the sector to reach 843.09 billion CLP by 2028. Key trends to watch for include the potential impact of global economic conditions, technological advancements in sports, and changing consumer preferences towards health and fitness.
