The import value of parts of railway and tramway locomotives and rolling-stock to Chile demonstrated fluctuations between 2013 and 2023. In 2013, imports stood at $19.348 million and rose over the next two years, peaking at $26.907 million in 2015. A significant decline occurred in 2016 and 2017, with values dropping to $17.775 million and $14.576 million respectively. The market rebounded in 2018, reaching $25.953 million, before showing a mix of moderate increases and declines in subsequent years. By 2023, the import value stabilized at $21.376 million.
Year-on-Year variations reveal the volatility of this market, with significant drops of -33.94% in 2016 and -41.29% in 2020, paired with rising values such as 79.12% in 2021. Between 2022 and 2023, the market saw minimal variations of 0.3% each year. Looking ahead, forecasts from 2024 to 2028 predict a steady yet modest growth trajectory.
- Import value in 2023: $21.376 million
- Year-on-Year change from 2022 to 2023: 0.3%
- Average yearly growth rate (CAGR) over the past five years leading to 2023: -3.81%
- Forecasted five-year CAGR from 2024 to 2028: 0.24%
Trends to watch for:
- The expected modest growth suggests a stabilization in the market. Continuous monitoring of underlying factors such as policy changes and infrastructure developments is advisable.
- Technological advancements in railway and tramway components, potentially influencing import values positively.
