The forecast for the import of aluminium oxide to Chile shows a declining trend from 2024 to 2028. In 2023, the import volume stood at its highest, while forecasted volumes show a consistent reduction over the years. Specifically, from 2024 to 2025, the import volume is expected to decrease by approximately 7.8%. The decline continues with a 6.7% reduction from 2025 to 2026, another 8.8% drop from 2026 to 2027, and finally a 9.5% decrease from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year span indicates an average annual decline of around 8.0%.
Future trends to watch for include potential changes in Chile's manufacturing sector, shifts in global aluminium oxide supply and pricing, and possible advancements in alternative materials that could mitigate the need for aluminium oxide imports. Additionally, geopolitical factors and trade policies could also impact future import volumes.
