Based on the provided forecast and actual data, the import of Portable Battery and Magneto-Electric Lamps to Chile stood at 4.1761 million USD in 2024. The forecasted figures show a declining trend: 4.0823 million USD in 2025, 3.9905 million USD in 2026, 3.9004 million USD in 2027, and 3.8122 million USD in 2028. This represents a consistent year-on-year decrease of approximately 2.25% from 2024 through 2028.
Over the last two years (from actual data for 2022 and 2023, now set in 2024), the trend indicates a minor variation, but the negative CAGR of around 2.28% over the forecast period suggests a gradual decline in imports.
Future trends to watch for:
- Shifts in consumer preferences towards more energy-efficient and cost-effective lighting solutions could influence imports.
- Technological advancements in battery and lamp technology might impact demand.
- Economic factors such as changes in import regulations, currency fluctuations, and market dynamics in Chile's trading partners.
- Potential competition from domestic manufacturers if production capabilities in Chile increase.
