The import of grindstones of synthetic or natural diamond to Chile has experienced significant fluctuations over the past decade, with a notable decline in recent years. The value stood at 98.84 thousand kilograms in 2023. The years 2016 and 2015 saw high import levels, but there was a sharp drop in 2019. Although there have been slight recoveries, the overall trend has been downward.
Year-on-year, the import volume decreased by 6.36% in 2023 from the previous year. Over the last five years, there has been an average annual decline (CAGR) of approximately 15.41%. The forecasted data for the coming years indicates a continued decrease, with the volume projected to fall to 67.62 thousand kilograms by 2028. This suggests an anticipated further contraction with a forecasted CAGR of -5.97%, reflecting a reduction of 26.5% from 2023 to 2028.
Future trends to watch for include potential changes in industrial demand, technological advancements in grinding techniques, and shifts in global supply chains. Monitoring these factors will be crucial for understanding the import dynamics of grindstones to Chile.
