The import of articles of apparel and clothing accessories to Chile has exhibited a volatile trend from 2013 to 2023. In 2013, the import volume stood at 229.06 thousand kilograms. Following a peak increase of 31.32% in 2014, there was a significant drop in 2015 by 31.32%. Subsequent years displayed fluctuating patterns with notable declines in 2018 (-19.4%) and 2020 (-11.05%), despite occasional growth spurts such as a 22.14% rise in 2021. As of 2023, the import volume reached 222.63 thousand kilograms with a modest year-on-year increase of 1.28% and a 5-year CAGR of 0.89%.
Looking forward, forecasted data points to a steady upward trend, with the import volume expected to reach 237.37 thousand kilograms by 2028, suggesting an average annual growth of 1.01%. The five-year growth rate is projected to be 5.16%.
Future trends to watch for:
- Impact of global economic changes on import volumes.
- Shifts in consumer preferences and demand for apparel.
- Potential trade policy changes and their effect on import.
- Technological advancements in supply chain management.
- Environmental and sustainability concerns influencing production and import practices.