The import of synthetic staple fibres to Chile has shown significant fluctuations over the past decade. The value stood at 22.29 million US dollars in 2023. From 2013 to 2016, the trend pointed to a decline, marked by annual drops ranging from 5.4% to 14.33%. In the subsequent years, imports experienced mixed variations with notable changes such as a 16.42% increase in 2018 and a 15.39% decrease in 2020. The period from 2021 to 2023 saw imports stabilize, with year-on-year variations around 0.26%, indicating a plateau phase at the outset of the forecast period.
Future trends to watch for include:
- Emerging technologies and innovations in fibre production.
- Shifting global trade policies affecting supply chain dynamics.
- Evolution of domestic demand in Chile.
- Price volatility in raw materials.
- Environmental regulations and sustainability trends.
The forecast for the next five years suggests minimal growth with a forecasted CAGR of 0.21%. Expect imports to stabilize around the 22.5 million US dollars mark through 2028.
