The import of parts and accessories of bicycles and motorcycles to Chile has shown fluctuations over the past decade. In 2013, imports were valued at 35.178 million USD, increasing marginally until 2014. Subsequently, there was a notable decline, bottoming out in 2020 at 23.961 million USD. From 2021 onwards, the import values began to recover steadily, reaching 29.512 million USD in 2023.
Key trends observed include:
- 2013-2015: Initial growth followed by a downturn.
- 2016-2020: Overall decline with a significant drop in 2020.
- 2021-present: Recovery phase with a stable but moderate increase.
Year-on-year variations for the last two years reveal a trend of moderate recovery: 6.04% in 2022 and 0.72% in 2023. The last 5-year CAGR indicates a minimal average annual growth of 0.39%. Future projections suggest a slight increase with the value reaching 30.525 million USD by 2028, implying a forecasted 5-year CAGR of 0.59%.
Future trends to watch for:
The market stability suggests cautious optimism; however, variables such as technological advancements, changes in consumer preferences, and economic conditions will play critical roles in shaping import patterns. Monitoring regulatory changes in trade policies and shifts in global supply chains will also be crucial.
