The import of artificial flowers, foliage, and fruit of plastic to Chile is projected to grow steadily from 2024 to 2028. Starting with an estimated volume of 1.8879 million kilograms in 2024, imports are expected to increase incrementally each year, reaching 2.1978 million kilograms by 2028. Comparing actual data from 2023, which stood at 1.8146 million kilograms, the year-on-year variations are positive, indicating a consistent upward trend. Observing the last two years, the increase from 2022 to 2023 was around 3.9%, and from 2023 to 2024, it's around 4.0%. Over the forecast period, the compound annual growth rate (CAGR) calculates to an average annual growth of 3.8%.
Future trends to watch include potential impacts of trade policies, economic conditions influencing consumer spending, and evolving consumer preferences towards artificial versus natural decorative items. Advances in manufacturing technologies and the increasing emphasis on sustainability could also play significant roles in shaping future imports.
- Volume projection for 2024: 1.8879 million kilograms
- Year-on-year growth (2023-2024): 4.0%
- Consistent upward trend with a CAGR of 3.8% from 2024 to 2028
