The import of leather clothing accessories to Chile reached a value of 37.659 million USD in 2023. Over the years, the values have shown significant fluctuations, with marked highs and substantial drops. From 2018 to 2023, the trend has generally been a decline, with the Compound Annual Growth Rate (CAGR) over the last five years at -0.94%. The year-on-year changes reflect this variable nature, initially showing drastic decreases and slight increments, leading to a minor decline in recent years.
The forecast data from 2024 indicates a continued but marginal decrease at a forecasted 5-year CAGR of -0.38%, suggesting stabilization around 36.773 million USD by 2028. The overall forecasted growth rate from 2023 to 2028 implies a decline of -1.87%.
Future trends to watch for:
- Potential impacts of economic conditions on consumer spending in Chile.
- Influence of fashion trends and shifts in consumer preferences toward sustainable and alternative materials.
- Changes in trade policies and tariff regulations affecting imports.
- Technological advancements in leather production that could alter cost dynamics.