The production of textiles, wearing apparel, and leather products in Chile has experienced fluctuations over the past decade, with notable variability year-on-year. As of 2023, the production value stood at 1.3759 Trillion Chilean Pesos. The industry saw a significant dip in 2020, with a 16.42% decrease due to global disruptions, but rebounded with a strong 21.31% increase in 2021. Recent years have shown more stable growth, with modest year-on-year increases of 0.67% in 2022 and 0.65% in 2023. The five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 was modest at 0.64%.

Future trends to watch for:

The forecasted five-year CAGR (2024-2028) is 0.52%, projecting continued stable but slow growth.
By 2028, production value is expected to reach 1.4223 Trillion Chilean Pesos, reflecting a total growth rate of 2.64% over the next five years.
Factors such as global supply chain shifts, technological advancements in manufacturing, and potential economic policies will be critical in defining the trajectory of growth in this sector.