The trend in Chilean textile exports to China has shown significant fluctuations over the past decade. Between 2013 and 2017, there was a notable decrease in export values, highlighted by a substantial drop in 2017. However, from 2018 onwards, the trend reversed with substantial growth through to 2023, when the value stood at 2.79 million USD. In 2023, the year-on-year variation was 3.13%, and the compound annual growth rate (CAGR) over the previous five years was -1.36%.
Future trends to watch for:
- Continued steady growth as reflected in the forecast for the next five years, with a CAGR of 2.31% and an overall growth rate of 12.12% by 2028.
- Potential impacts of global supply chain adjustments and trade policies between China and Chile.
- The influence of changing consumer preferences and technological advancements in the textile industry.