Industrial sand and gravel production in Chile experienced some fluctuations between 2013 and 2023. In 2023, production stood at 1.45 million metric tons. The year-on-year variation for 2023 indicated a modest increase of 1.27%, while the compound annual growth rate (CAGR) over the last five years was 1.36%. Notably, 2020 saw a significant decline of 15.84%, largely attributed to the global disruptions from the pandemic, followed by strong recovery in subsequent years with a notable 16.01% increase in 2021.
Looking ahead, the forecast data from 2024 to 2028 suggest a steady growth trajectory with a 5-year CAGR of 1.01% and an overall anticipated increase of 5.17% by 2028. The forecast indicates consistent year-on-year growth each year.
Future trends to watch for include potential impacts from global economic conditions, technological advancements in extraction and processing techniques, and environmental regulations that could influence production efficiency and output levels.
