The exports of rubber and plastic products from Chile to the US are forecasted to increase steadily over the period from 2024 to 2028. In 2023, the actual export value stood at 335 million USD. From 2024 to 2025, the value is expected to grow by 2.2%. Subsequently, the export value is projected to rise by approximately 2.1% annually from 2025 to 2028. Over the entire forecast period, the compound annual growth rate (CAGR) is projected to be around 2.1%.
Future trends to watch for include:
- Potential impacts of geopolitical changes, including trade policies between Chile and the US, which could alter export dynamics.
- Technological advancements in the rubber and plastic sectors that might enhance production efficiency and competitiveness.
- Emerging sustainability trends and regulatory changes which could affect the demand for rubber and plastic products in the US market.