The import of hydraulic presses for working metal to Chile showed fluctuations from 2013 to 2023, standing at 2.92 thousand in 2023. Year-on-year variations indicate a volatile market with significant changes in early years like 2015 and 2016, seeing increases of 115.05% and 85.75% respectively. A notable decline occurred in 2018, with a 61.06% decrease. The last two years observed positive but modest growth with 1.99% in 2022 and 1.92% in 2023. The compound annual growth rate (CAGR) over the last five years to 2023 was 7.35%.
Forecasts suggest steady growth, with projections for 2028 seeing imports at 3.21 thousand units, indicating a forecasted 5-year CAGR of 1.48%. The total growth rate forecasted for the same period is 7.61%.
Future trends to watch for include technological advancements in hydraulic press machinery and potential changes in trade policies that may impact import regulations and tariffs. Additionally, monitoring economic indicators in Chile, such as industrial growth rates, can provide insight into future demand.
