The import of wooden kitchen furniture to Chile has demonstrated significant fluctuation over the past few years. Starting with a value of 149.73 thousand in 2013, the market experienced highs and lows, peaking in 2018 at 579.44 thousand before a drastic decline in 2019. The market then faced a rebound, with the value reaching 394.74 thousand in 2023.
Year-on-year variations show considerable volatility: 57.18% in 2016, 178.9% in 2018, and a significant drop of 55.3% in 2019. More recently, from 2022 to 2023, the market witnessed a modest growth of 3.85%. The cumulative annual growth rate (CAGR) over the last five years stood at 7.39%, indicating a recovery phase post-2020.
Future forecasts predict a steady growth trend, with an anticipated CAGR of 2.56% from 2024 to 2028, culminating in a market value of 464.03 thousand by 2028. This denotes a 13.49% growth overall in the forecasted period.
Future trends to watch for include potential impacts from global supply chain disruptions, shifts in consumer preferences towards sustainable materials, and economic policies affecting import tariffs. Monitoring these factors will be crucial for understanding the evolving market landscape.
