The production in the radio broadcasting sector in Chile has shown a significant decline over the past decade. From a high of 208.24 billion Chilean pesos in 2013, the sector's production value has steadily decreased, standing at 54.14 billion Chilean pesos in 2023. The value dropped dramatically in 2014 by 60.13%, followed by minor variations until 2018. From 2019 onwards, the sector has experienced a consistent decline, with an average yearly reduction (CAGR) of -10.47% over the past five years.
Notably, the forecast data from 2024 suggest an accelerating decline, with the production value expected to fall to 18.28 billion Chilean pesos by 2028. This represents a forecasted five-year CAGR of -17.09%, indicating a significant contraction of the sector by 60.83% over the forecast period.
Future trends to watch for include the impact of digital media consumption, potential regulatory changes, and the adaptation of traditional broadcasting to new technologies and platforms. A close eye on the emergence of innovative broadcasting methods and consumer behavior shifts will be crucial for understanding the sector's future trajectory.
