The import of watch cases and parts to Chile has shown substantial fluctuations from 2013 to 2023. After peaking in 2014 with a 147.67% increase, the market experienced a notable drop in 2015 with a 56.13% decline. Subsequently, the market saw a mix of growth and contractions, including a 32.15% increase in 2016, a decrease of 15.13% in 2017, a notable recovery in 2018 with a 43.64% rise, and minor fluctuations thereafter. By 2023, the import value stood at 148.05 Thousand US Dollars, marking a 3.58% year-on-year increase from 2022. The recent 5-year CAGR was observed at 2.81%, showing a trend toward stabilization after earlier volatility.
Future trends to watch for:
- Monitoring the 5-year forecast CAGR of 2.61% to gauge market stability.
- Observing growth rate trends, which are projected at 13.73% by 2028, indicating a moderate increase in import value.
- Assessing potential economic factors or policy changes that could impact import volumes and values significantly.
