The import of watch movements, complete and assembled, to Chile saw a significant upward trend from 2013 through 2023. The value stood at 286.85 thousand US dollars in 2023, indicating a moderately rising trajectory. Notably, year-on-year variations highlighted several fluctuations, with remarkable increases in 2014 (51.09%) and 2018 (65.33%), and notable decreases in 2017 (-21.78%) and 2020 (-14.01%). The Compound Annual Growth Rate (CAGR) varied across the decade, with the last five years showing an average increase of 3.83% annually.
Future trends to watch for:
- The forecasted steady increase in import values through 2028, reaching 349.9 thousand US dollars.
- A forecasted 5-year CAGR of 3.12%, suggesting stable but moderate growth.
- Potential impacts of global market dynamics on luxury goods and technological advances in watch movements.