The import of air conditioners with refrigerating units to Chile, measured in Million US Dollars, has experienced significant volatility over the past decade. Starting from 2013, there was a notable decline until 2017, followed by slight recovery periods interspersed with drops. In 2023, the import value stood at $22.785 million, reflecting a marginal year-on-year increase of 0.28%. Over the last two years, imports displayed positive growth rates, specifically 5.57% in 2022 and 0.28% in 2023. The average annual growth rate over the last five years (CAGR) was -1.08%, illustrating a general downward trend.
Looking ahead, the forecast for the upcoming years shows minimal growth with a forecasted CAGR of 0.24% from 2024 to 2028, reaching an estimated value of $23.053 million by 2028. Although the forecasted growth is modest, the air conditioner import market appears to stabilize in the coming years.
Future trends to watch for include potential changes in energy efficiency standards, economic policies affecting import duties, and technological advancements in HVAC systems which may influence market dynamics. Additionally, climate variations and increased urbanization might drive demand for air conditioning units.
