The export value of refrigerating or freezing furniture from Chile stood at 7.379 million USD in 2023. This represents a year-on-year decline of 13.34% from 2022. Over the last five years, the compound annual growth rate (CAGR) was -16.5%, illustrating a consistent downward trend. Historically, since 2013, the export value has seen irregular fluctuations, with notable drops such as -48.38% in 2019. In the forecast period from 2024 onwards, the declining trend is expected to continue, with a 5-year CAGR projected at -25.12%, leading to a significant reduction in export values by 2028.
Future trends to watch for include potential changes in global demand for refrigerating or freezing furniture, shifts in trade policies affecting Chile, advancements in technology that might alter production costs or efficiency, and economic conditions both domestically and internationally that could influence export activities.
