Chile's textile exports to Japan showed significant fluctuations over the years. Beginning with a high in 2013, the value of exports experienced a sharp decline, plummeting by over 70% in 2016. There was some recovery in 2018, but the overall trend remained downward. By 2023, the value stood at 0.14807 Million US Dollars. The year-on-year variation highlighted significant drops in certain years, such as 2016 and 2017, with slight recoveries like the one seen in 2018. The most recent data from 2023 showed a 12.45% decline from the previous year.
For the future, forecasted figures indicate a continuing downward trend, with the value expected to decrease to 0.03808 Million US Dollars by 2028. The forecasted CAGR over the next five years is -21.15%, translating to a significant 69.52% drop in total value.
Future trends to watch for:
- Global economic conditions that could impact the demand for textiles.
- Trade policies and tariffs between Chile and Japan.
- Shifts in consumer preferences towards sustainable and locally sourced textiles.
- Technological advancements in textile production that could influence costs and supply chains.
