The import of pharmaceutical products to Chile has experienced various trends from 2013 to 2023. As of 2023, imports stood at 1.8799 billion US dollars. Over the years, annual growth rates have varied, with notable increases such as 15.36% in 2018 and declines like -1.58% in 2016. The last two years showed variations of -1.13% in 2022 and 3.6% in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) was 4.15%.
From 2024 onwards, imports are forecasted to continue increasing, reaching 2.1913 billion US dollars by 2028, with a forecasted 5-year CAGR of 2.35% and a total growth rate of 12.3% over this period.
Future trends to watch for include:
- The impact of global economic conditions on pharmaceutical trade.
- Regulatory changes in Chile that could affect import levels.
- Technological advancements in pharmaceuticals that might influence demand.
- Potential shifts in healthcare policies and funding in Chile.
