The sports activities sector in Chile has shown varied growth patterns over the past decade. In 2023, the sector stood at 445.08 billion Chilean Pesos. From 2013 to 2023, the sector witnessed substantial growth, with some fluctuations. Significant growth years include 2016 (32.48%) and 2018 (40.28%), while 2017 saw a notable decline of -22.22%. The last two years experienced moderate growth with a year-on-year increase of 3.39% in 2022 and 3.21% in 2023. Over the most recent five-year period, the sector achieved an average yearly growth rate (CAGR) of 2.22%.
Looking forward, the forecast indicates a steady, albeit modest, increase with a 5-year CAGR of 2.16% and an overall 11.25% growth rate by 2028. The sector is projected to reach 510.25 billion Chilean Pesos by 2028.
Future trends to watch:
- Emerging sports and fitness trends driving new investments.
- Technological advancements in sports infrastructure and digital transformations.
- Government policies and funding aimed at promoting sports and physical activities.
- Impact of global sporting events and Chile’s participation on local sports activities.
