By 2023, Chile's export of stone, plaster, cement, asbestos, and mica stood at $14.644 million, experiencing a minor decrease from $14.803 million in 2022. The year-on-year variation shows a consistent pattern of decrease around 1%, showcasing a trend towards decline. Over the last 5 years, the compound annual growth rate (CAGR) indicated an average annual reduction of 2.89%.
Looking ahead to the forecasted data from 2024 to 2028, there is a continuation of the downward trend with an expected annual CAGR of -0.93%, making a total projected decrease of 4.55% by 2028. This suggests a stable but gradual decline in the export value.
Future trends to watch for:
- Economic shifts in key import markets that could impact demand.
- Global market dynamics affecting commodity prices.
- Technological innovations in these material industries.
- Regulatory changes affecting the mining and export sectors.
