The export of Leather Clothing Accessories from Chile during 2013 to 2023 exhibited significant fluctuations. In 2023, the export value stood at $1118.9 thousand. Early years displayed volatility, with notable negative growth in 2013 (-37.97%) and robust recovery in 2014 (51.05%). Subsequent years saw moderate growth and occasional declines, but a consistent upward trajectory re-emerged after 2018, resulting in steady growth through 2023. The Compound Annual Growth Rate (CAGR) over the previous 5 years until 2023 was 3.42%.
Recent years’ trends indicate stable and moderate growth. Notable year-on-year variations include a rise to 1.91% in 2022 and an increase to 1.84% in 2023. The forecasted growth until 2028 maintains a positive but moderate projected CAGR of 1.42% with an aggregate growth rate of 7.3% over five years.
Future Trends to Watch For:
- Sustainability initiatives impacting production and export strategies.
- Global economic conditions and their effects on demand.
- Technological advancements in leather processing potentially boosting exports.