Over the past decade, the trend in the import of acyclic alcohols and their derivatives to Chile has seen significant fluctuations. From 2013 to 2023, the import value initially witnessed a decline from 104.37 million USD to 55.399 million USD in 2023, illustrating an overall downward trend. Significant year-on-year decreases include -33.41% in 2019 and -19.24% in 2016. However, occasional positive spikes such as a 19.72% increase in 2018 and a 19.34% rise in 2021 provided temporary growth. The Compound Annual Growth Rate (CAGR) over the last five years highlights an average annual decrease of -6.03%.
From 2024 onwards, forecasted data suggests a continued but gradual decline in imports, with values decreasing to 52.69 million USD by 2028. The forecasted five-year CAGR is -0.79%, indicating a relatively stable yet slight decrease in import levels over this period.
Future trends to watch for:
- Potential shifts in global economic conditions and their impact on the demand for chemical imports.
- Regulatory changes within Chile that may affect import volumes and costs.
- Technological advancements or market dynamics that could influence local production and reduce dependency on imports.
