Analyzing the import of audio-electronic equipment to Chile from 2013 through 2023 reveals a fluctuation in values, peaking at various points. In 2023, the import value stood at 188.45 million USD. The market has experienced varying year-on-year changes, experiencing significant decline periods such as in 2014 (-16.39%) and 2020 (-12.65%), and notable growth bursts in 2017 (31.06%) and 2021 (24.7%). The compound annual growth rate (CAGR) over the last five years stands at 2.57%, indicating a growth trend albeit at a slower pace compared to previous periods.
Future forecasts from 2024 to 2028 project a steady increase, with the import value estimated to reach 218.45 million USD by 2028. This suggests an average annual growth rate (CAGR) of 2.32% over the forecast period.
Trends to watch for in the future:
- Technological advancements in audio-electronic equipment increasing demand.
- Global economic conditions influencing import capacity and spending power.
- Changes in consumer preferences toward high-quality or innovative audio products.
- Potential trade agreements or barriers impacting import costs and procedures.