Between 2013 and 2023, the import value of silver in unwrought forms to Chile fluctuated, demonstrating a range of year-on-year changes and compound annual growth rates (CAGR). Initially, in 2013, import values were significantly high, marking a 183.35% increase over the previous year and recording a CAGR of 27.42%. The subsequent years saw a mix of declines and modest growth, with sharp fluctuations leading to a -8.18% decrease in 2018, a staggering increase of 153.9% in 2019, and a further 34.46% rise in 2021. By 2023, the import value stood at 16.72 million USD, with a year-on-year increase of 5.37% and a notable 5-year CAGR of 21.59%.
Future trends to watch for:
- The forecast from 2024 to 2028 shows a steady increase, with a 5-year CAGR of 3.68%, indicating a relatively stable but slower growth compared to the previous five years.
- Monitoring potential economic shifts, market demand, trade policies, and silver price dynamics will be crucial for understanding future import trends.
