Based on historical data, the import of rifles for sporting, hunting, or target shooting to Chile has shown significant fluctuations over the past decade. In 2023, imports stood at 2.6 thousand kilograms. The annual variation rates have fluctuated, showcasing periods of growth and decline. Notably, the import volume decreased consistently from 2013 to 2019, with sporadic growth in certain years. The year-on-year percentage changes indicate a negative trend, moving from a high of 4.4% in 2013 to a decline of 1.37% in 2023. The overall Compound Annual Growth Rate (CAGR) for the most recent years is mildly negative at -0.4%, reflecting a steady decrease in imports.
Looking ahead, the forecasted data from 2024 to 2028 indicates a continued slight decline in the import volumes, with a forecasted 5-year CAGR at -1.18%, and an anticipated total reduction in this 5-year period of approximately -5.78%. This suggests a persistent downtrend in the upcoming years.
Future trends to watch for include changes in regulations and policies regarding firearm imports, shifts in consumer demand for sporting and hunting rifles, and any economic developments that could impact disposable income and leisure spending in Chile.
