The import of tarpaulins, awnings, and sunblinds of synthetic fibre to Chile demonstrated varied year-on-year fluctuations between 2013 and 2023, reaching 4.5027 million kilograms. Notable increases occurred in 2016 and 2021, with growth rates of 28.54% and 25.89% respectively. Conversely, there were significant declines in 2015 and 2020 at -13.11% and -15.18%. The compound annual growth rate (CAGR) over the 2019-2023 period averaged 4.69%, showing moderate and steady growth on a longer horizon.
Future trends to watch for include:
• A forecasted average annual growth rate (CAGR) of 2.85% up to 2028, suggesting continued but slower growth.
• Expected cumulative growth of 15.09% over the next five years, reflecting a substantial expansion in import volumes.
• Potential impacts of economic conditions, trade policies and environmental considerations, which may influence the demand for synthetic fibre products in Chile.
