From 2013 to 2023, the import volume of floor coverings of coconut fibers (coir) to Chile exhibited significant fluctuations, with a notable decline observed between 2015 and 2016 but a recovery trend thereafter. The volume stood at 367.6 thousand kilograms in 2023, reflecting a stable growth pattern in recent years.
Key observations:
- Year-on-year variation showed a significant drop of -32.4% in 2015 followed by -41.29% in 2016.
- Recovery patterns appeared with a peak growth of 43.13% in 2017 and a consistent increase from 2021 to 2023, with a CAGR of 4.89% over the last five years.
- The year-on-year growth for 2022 and 2023 remained above 1%, indicating stability in import volumes.
Forecast data from 2024 to 2028 suggest a modest CAGR of 0.93%, pointing to a steady but slow increase in import volumes for coir floor coverings.
Future trends to watch for:
- The impact of global economic conditions on commodity imports.
- The evolving consumer preference for eco-friendly products like coir.
- Trade policies and import regulations that might affect the volume of coir floor coverings entering Chile.
