In 2023, the import value of tufted carpets and floor coverings to Chile stood at 85.558 million USD. The data indicate a steady growth trajectory with notable year-on-year variations, such as a 23.36% increase in 2017 and a 36.27% surge in 2018, followed by a 10.48% decrease in 2019. The compound annual growth rate (CAGR) over the past five years has been approximately 1.97%. From 2020 to 2022, year-on-year variations stabilized, with modest increases of 2.54%, 10.31%, and 4.49% respectively.
Forecasting for future trends, the next five years are expected to continue this steady growth, with a projected CAGR of 2.77%, reaching 101.89 million USD by 2028. This represents an anticipated overall growth rate of 14.62% over this period. Key trends to watch include fluctuating demand influenced by economic conditions and evolving consumer preferences toward sustainable and eco-friendly materials.
