The import of cigars and cigarettes to Chile has seen significant fluctuations over the years, peaking at $11.043 million in 2013 and declining substantially in subsequent years. In 2023, the import value stood at $5.8005 million. Notably, from 2013 to 2016, there was a sharp downward trend with the value decreasing by approximately 33% in 2016. The market saw minor recovery with some year-on-year increases, particularly a 15.34% uptick in 2018. However, the values generally stabilized around $5.8 million from 2021 to 2023.
Year-on-year variation over the last two years indicates negligible changes, with a decline of around 0.015% in 2022 and 0.014% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.97%, reflecting overall stabilizing imports. Moving forward, a forecasted 5-year CAGR of -0.01% suggests minimal change in imports, indicating stagnation around the current level.
Future trends to watch for include potential regulatory changes affecting tobacco imports and shifting consumer preferences towards alternative nicotine products, which could lead to further fluctuations in import values.
