The rail passenger transport sector in Chile experienced significant fluctuations over the past decade, with a peak in 2013 and a low in 2020 due to the pandemic. In 2023, the value stood at 560.56 million passenger kilometers, showing a recovery trend from the pandemic's impact. However, the forecasted data indicates a continuous decline towards 2028, reflecting a Compound Annual Growth Rate (CAGR) of -3.03% over the next five years. Year-on-year variation highlights a volatile market, with notable drops in 2014 and 2020, but positive rebounds in 2021 and 2022. From 2019 to 2023, the market experienced a gradual recovery with a five-year CAGR of -3.69%.
Future trends to watch for:
- Technological advancements in rail transport
- Government policies and investments in infrastructure
- Changes in consumer travel behavior post-pandemic
- Sustainability initiatives and environmental regulations
