In 2023, Chile's import of sparkling grape wines stood at 9.2355 million USD. Examining year-on-year trends, we see a 3.57% increase from 2022, which recorded an 8.9175 million USD value. Over the last five years leading to 2023, the Compound Annual Growth Rate (CAGR) underlines a steady 1.66% growth per year. Historically, the market experienced volatility with notable rises and declines, such as a sharp decline of 25.49% in 2016 and a significant increase of 36.64% in 2018.
Looking forward, forecasted data suggests a positive but modest growth rate. From 2024 to 2028, the forecasted CAGR is projected at 2.6%, accumulating to a total growth rate of 13.69% over the five years, reaching approximately 10.897 million USD by 2028.
Future trends to watch for include changing consumer preferences, potential trade agreements, and economic factors influencing disposable income. Monitoring these elements will be crucial in understanding and predicting the import market for sparkling grape wines in Chile.
