The import of bituminous coal to Chile in 2023 stood at 11.885 billion kilograms. From 2024 onwards, the forecasted data shows a consistent rise: 12.146 billion kilograms in 2024, 12.427 billion kilograms in 2025, 12.703 billion kilograms in 2026, 12.974 billion kilograms in 2027, and 13.239 billion kilograms in 2028. This indicates a steady year-on-year growth, exemplified by the variations:
- From 2023 to 2024: 2.2% increase
- From 2024 to 2025: 2.3% increase
- From 2025 to 2026: 2.2% increase
- From 2026 to 2027: 2.1% increase
- From 2027 to 2028: 2.0% increase
The compound annual growth rate (CAGR) over the last five years (2023-2028) stands at approximately 2.2%, reflecting a steady average annual increase.
Future trends to watch for include the impact of global coal prices and Chile's energy policy shifts towards sustainable alternatives, which could alter import volumes. Monitoring regulatory changes, technological advancements in cleaner energy, and fluctuations in domestic energy demand will be key to understanding future trends in the coal import market.
