The import trend of precious and semi-precious worked stones to Chile has shown significant fluctuations over the past decade. Peaks were observed in 2017 and 2018, with a sharp decline in 2019. Following a recovery phase, 2020 to 2023 saw stabilization with a minor increase. The value stood at 143.11 thousand USD in 2023, showing a modest year-on-year increase of 2.15%. Over the last five years, the CAGR was negative at -10.83%, indicating a downturn period. Looking forward, the forecast to 2028 shows a gradual rise with a 5-year CAGR of 1.59%, projecting a stable, albeit slow, growth rate of 8.19% over the period.
Future trends to watch for:
- Economic Policy Changes: Trade agreements and tariffs will impact import values.
- Market Demand: Trends in jewelry and luxury goods could drive demand.
- Technological Advances: Improvements in mining and processing could reduce costs.
- Global Market Fluctuations: Prices and availability on the global market will play a critical role.
