The import of granules, chippings, and powder of granite and sandstone to Chile has exhibited significant fluctuations over the past decade. The import volume stood at 94.955 million kilograms in 2023. During the past few years, there was a noticeable increase from 83.991 million kilograms in 2021 to 91.717 million kilograms in 2022, marking a 9.2% year-on-year growth. The five-year CAGR leading up to 2023 was approximately -4.64%, revealing some volatility in the market.
Looking forward, from 2024 onwards, the forecast suggests a steady increase in import volumes. The volume is predicted to grow from 98.198 million kilograms in 2024 to 111.61 million kilograms by 2028, indicating a forecast 5-year CAGR of 2.59%, with a total growth rate of 13.66% over this period.
Future trends to watch for include:
- Potential impact of any new trade policies or tariffs which could affect import volumes.
- Technological advancements in the domestic granite and sandstone industries in Chile that might reduce the need for imports.
- Economic growth and infrastructure developments within Chile that could drive demand for construction materials, thereby influencing import volumes.
- Global supply chain disruptions or improvements which could either hinder or facilitate import activities.
