The import value of parts and accessories of shotguns or rifles to Chile stood at 97.75 thousand US dollars in 2023. The year-on-year variation for 2022 and 2023 was 7.69% and 2.21% respectively. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged 5.01%. Historically, the data shows significant fluctuations with a spike in 2016, followed by a notable decline in 2017, but a generally upward trend has been observed since 2018.
Key future trends to watch for include the stabilization of year-on-year growth rates and the anticipated forecasted growth, which shows a positive CAGR of 1.7% over the next five years. Monitoring the regulatory environment and potential technological advancements in firearms and accessories will be crucial, as these could impact import demand in Chile.
