Forecast: Retail Trade of Country-specific Tourism Characteristic Goods Enterprises in Chile

The retail trade of country-specific tourism characteristic goods enterprises in Chile has shown a general upward trend from 2013 to 2023, with values rising from 4.78 thousand enterprises in 2013 to 6.91 thousand enterprises in 2023. After experiencing some fluctuations, such as a notable dip in 2020 due to external factors leading to a -11.37% year-on-year change, the sector has rebounded strongly. The recent two years before 2024 indicate a year-on-year increase of 6.25% in 2022 and 4.81% in 2023. The compound annual growth rate (CAGR) over the last five years stood at a moderate 1.62%.

Forecasts for the next five years suggest a steady increase, with the number of enterprises expected to reach 7.69 thousand by 2028. The future 5-year CAGR is anticipated to be around 1.68%, with an overall forecasted growth rate of 8.7% by 2028.

Future trends to watch for include the impact of digitalization in retail, sustainability demands from consumers, and potential shifts in tourism patterns post-pandemic. Monitoring these factors will be crucial for predicting market dynamics and making informed business decisions.