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.