The pharmaceutical industry exports in Chile experienced fluctuations over the past decade, with a mix of positive and negative variations. In 2023, exports stood at $246.56 million. Year-on-year growth was 2.69% in 2023, following a 2.78% increase in 2022. Over the last five years, the compounded annual growth rate (CAGR) averaged 7.75%, indicating a moderate upward trend.
From 2024 onwards, the forecast suggests a steady increase, reaching $278.37 million by 2028. The forecasted five-year CAGR is expected to be 1.93%, with an overall growth rate of 10.03% over the period.
Future trends to watch for include potential impacts from global supply chain disruptions, regulatory changes, and technological advancements in pharmaceutical manufacturing. Monitoring these factors will be crucial for understanding the trajectory of Chile's pharmaceutical exports.
