The export of sugar confectionery from Chile has experienced a volatile trend over the years. In 2023, the volume of export stood at 1.1982 million kilograms. Over the last two years, the volume showed a decline of 4.81% in 2023 and 4.68% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual decrease of 1.9%.
Looking at a longer period, since 2013, the export volume has shown an overall downward trend, notwithstanding some fluctuations like the growth seen in 2018 and 2019. The forecasted data from 2024 to 2028 projects a continuous decline in volumes with a 5-year CAGR of -4.87%, resulting in an anticipated overall decrease of 22.09% by 2028.
Future Trends to Watch for:
- Market Diversification: Monitoring emerging markets for potential growth in demand for sugar confectionery.
- Consumer Preferences: Keeping an eye on shifting consumer preferences towards healthier and alternative sweet options.
- Trade Policies: Observing changes in global trade policies that may impact export dynamics.
- Innovation and Product Development: Innovations in product offerings could revitalize interest and demand in established and new markets.
