The import of phenolic resins to Chile experienced a general downward trend from 2013 to 2023, with a significant drop in 2016 and some slight recoveries in subsequent years. In 2023, the import value stood at 3.8452 million US dollars, showing a minor year-on-year decrease of 2.33%. The average annual variation (CAGR) from 2019 to 2023 was -4.54%. Looking forward, the forecast suggests a continuous decline with a 5-year CAGR of -2.11%, projecting the import value to decrease to 3.3534 million US dollars by 2028. This indicates a total decrease of 10.1% over the forecasted period.
Future trends worth watching include potential shifts in the global supply chain, changes in domestic demand for phenolic resins, and any technological advancements which could either boost import needs or reduce dependence through local production. Additionally, trade policies and currency fluctuations may also play significant roles in shaping future import figures.
