Forecast: Import of Domestic Electric Coffee or Tea Makers to Chile

The import volume of domestic electric coffee or tea makers to Chile has experienced fluctuations from 2013 to 2023. In 2023, imports stood at 626.9 thousand kilograms. The year-on-year variation for the past two years shows a 3.78% increase in 2022 and a 3.57% increase in 2023. Over the last 5 years, the compound annual growth rate (CAGR) averaged 1%.

Looking ahead, from 2024 to 2028, the imports are expected to continue growing with a forecast 5-year CAGR of 2.39% and an overall growth rate of 12.56%. Notable future trends to watch for include:

  • Potential market saturation affecting growth rates.
  • Technological advancements in electric coffee or tea makers, potentially influencing demand.
  • Consumer preferences shifting towards specialty coffee and tea brewing appliances.

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