The volume of rail passenger transport in Chile witnessed fluctuating trends over the past decade. Beginning at 662.56 million passenger kilometers in 2014, there was a notable decline until 2016. Subsequently, a gradual recovery was evident, culminating in a peak of 956.28 million passenger kilometers in 2022, albeit heavily influenced by rebounds from pandemic-related lows. By 2023, the volume had sharply dropped by 26.56% to 702.27 million passenger kilometers.
The forecast for the upcoming years suggests modest growth, with expectations to reach 838.69 million passenger kilometers by 2028, representing a compound annual growth rate (CAGR) of 2.77% from 2024 onwards. This signals a period of steady, albeit conservative growth following market distortions caused by the pandemic.
Future Trends to Watch For:
- Technological advancements aiding efficient rail operations.
- Policy changes aimed at sustainable transportation.
- Increased urbanization driving demand for effective public transport solutions.
