The import value of washing machines to Chile has shown a fluctuating trend over the last decade, starting at $131.12 million in 2013 and standing at $115.51 million in 2023. The data from 2024 onwards are forecasted, revealing a steady increase reaching $122.32 million in 2028.
Year-on-year variations:
2013: +5.08%
2014: -7.98%
2015: -14.23%
2016: +3.42%
2017: +0.75%
2018: +11.46%
2019: -12.5%
2020: +0.41%
2021: +6.67%
2022: +1.29%
2023: +1.25%
Five-year CAGR: -0.79% for last period ending 2023. Forecasted at 0.92% for the period ending in 2028.
Over the years, the import market has shown episodic declines and moderate growth, with a more stable and gradual upward trend projected in the coming years. The forecast indicates a growth rate of 4.69% by 2028.
Future trends to watch for:
- Technological advancements in washing machines.
- Changes in consumer preferences towards energy-efficient appliances.
- Impact of trade policies and currency fluctuations.
- Economic conditions affecting consumer purchasing power.
