The import of jewellery of precious metal to Chile has shown varied growth over the years, standing at 53.497 million USD in 2023. From 2013 to 2023, it has generally followed an upward trend with occasional fluctuations, particularly notable was the decline in 2019 and 2020. However, post-2020, the trend resumed its upward path, reaching its peak value in 2023 before continuing the forecasted growth onwards.
The last two years saw variations of 4.64% in 2022 and 4.35% in 2023. Over the last five years, the compound annual growth rate (CAGR) indicates an average annual growth of 2.97%. The forecast indicates continuing growth, with an expected 5-year CAGR of 3.09%, projecting a growth rate of 16.44% by 2028.
Future Trends to Watch for:
- Global economic factors and their impact on luxury goods spending.
- Fluctuations in precious metal prices influencing import values.
- Changes in Chilean consumer preferences and purchasing power.
- Potential trade policy changes affecting import dynamics.
