From 2013 to 2023, the import value of knotted carpets and floor coverings in Chile demonstrated a fluctuating trend. In 2013, imports were valued at $1.7182M. This saw a significant decline in 2014 with a -21.67% variation, reaching $1.3459M. Despite minor fluctuations and decreases in subsequent years, the value neatly recovered by 2023, standing at $1.659M, showing a year-on-year increase of 1.84% compared to 2022.
Noticeable year-on-year variations include a steep increase in 2018 by 24.13%, following a substantial drop in 2019 by -25.15%. From 2020 onwards, a pattern of steady growth surfaced, with CAGR calculations denoting a progressive improvement from -2.45% in 2023. A forecasted 1.32% CAGR is expected from 2024 to 2028, projecting continued growth to $1.8014M by 2028.
Future trends to watch for include:
• The impact of global economic conditions on consumer purchasing power in Chile.
• Technological advancements in synthetic and sustainable materials.
• Potential shifts in trade policies influencing import dynamics.
• The influence of global design trends and local market preferences on demand.
