In 2023, the import value of asbestos brake linings and pads to Chile stood at 2.6270 million USD. Forecasts from 2024 to 2028 show a steady increase: 2024 at 2.6692 million USD, 2025 at 2.7117 million USD, 2026 at 2.7533 million USD, 2027 at 2.7941 million USD, and 2028 at 2.8341 million USD. The year-on-year percentage variations for the most recent years indicate a modest growth: 2024 (+1.6%), 2025 (+1.6%), 2026 (+1.5%), 2027 (+1.5%), and 2028 (+1.4%). The compound annual growth rate (CAGR) over the last five years stands at approximately 1.5%.
Future trends to watch for:
• Increasing environmental regulations may impact the demand for asbestos-based products.
• Technological advancements in brake systems may shift demand towards non-asbestos alternatives.
• Economic conditions and trade policies could influence import volumes and values.
