Chile's export of knitted or crocheted fabric has shown volatile trends over the past decade. The years 2013 to 2018 saw significant fluctuations, marked by gains and losses. A downturn was notable in 2019 with a substantial decrease, followed by stability in 2020 and a recovery phase from 2021 onwards. By 2023, the export value stood at 17.542 million US dollars, showing a positive albeit slow growth trajectory.
Year-on-year growth rates have varied widely, reflecting the market's erratic nature. The common annual growth rate over the past five years is -4.43%, indicating a slight overall decline. However, the forecast from 2024 to 2028 suggests a more stable yet modest growth rate with a forecasted 5-year CAGR of 1.56%, amounting to an overall growth of 8.05% by 2028.
Future trends to watch for include potential impacts from global economic conditions, changes in trade policies, and market demands for knitted or crocheted fabrics. Additionally, technological advancements and innovation in production methods may play a pivotal role in shaping export performance.
