The import of refrigerators and freezers to Chile has experienced fluctuations over the historical period, with a value standing at $333.61 million in 2023. The year-on-year variation showed a modest increase of 2.76% in 2023, following a 2.9% rise in 2022. The five-year Compound Annual Growth Rate (CAGR) up to 2023 was 3.32%. Looking ahead, the import value is forecasted to continue growing, reaching $380.49 million by 2028, supported by a forecasted five-year CAGR of 2.07% and a five-year growth rate of 10.78%.
Future trends to watch for include:
- Technological advancements in refrigeration and freezing, driving demand for newer models.
- Increasing consumer focus on energy-efficient appliances.
- Potential impacts of economic shifts or trade policies affecting import dynamics.
- Sustainability trends influencing preferences for eco-friendly products.