The forecasted import of silver in unwrought forms to Chile indicates a steady increase from 21.89 thousand kilograms in 2024 to 25.67 thousand kilograms in 2028. Compared to the actual 2023 import value of 20.95 thousand kilograms, the year-on-year variations are as follows: 4.49% in 2024, 4.24% in 2025, 4.20% in 2026, 3.90% in 2027, and 3.72% in 2028. The compound annual growth rate (CAGR) over the forecast period (2024-2028) averages 4.11% per year, depicting a consistent upward trend in import volume.
Future trends to watch for include potential fluctuations in global silver prices, technological advancements in silver usage that could affect demand, and any regulatory changes impacting trade policies between silver-exporting nations and Chile.
