Chile Third-Party Logistics (3PL) Market - Growth, Trends, COVID - 19 Impact, and Forecasts (2023 - 2028)

Chile Third-party Logistics (3PL) Market Analysis

The Chilean 3PL market is anticipated to register a growth rate of 4.78% during the forecast period (2021-2026). During COVID-19, the Chilean port maritime union highlighted that the country continues to operate smoothly and without significant alterations to imports and exports and the national supply system. However, many airlines that operate in Chile and the world have suspended flights to the areas most affected by the COVID-19, which has hit foreign trade activity by air by 70%. An alternative to mitigate these effects is the use of cargo couriers.

Grocery purchases in supermarkets through the online channel, especially home delivery, have gained strength in Chile. As a result, the market saw an increase of three times the normal demand, especially in restaurants, pharmacies, and supermarkets, with an average increase in the supermarket category in the region of 70%.

Chile has one of the most stable and free-market economies in Latin America. Although logistics in Chile is still on a path to development, import and export operations from the country have increased in the last few years. The country’s perfect geographic location offers excellent potential to countries, like Europe, Asia and South, and Central America, to connect by air, sea, or land. Moreover, there is an increase in exports for fruits, like red cherries, from Chile to other countries, like China, which provides increased opportunities to air cargo providers to enhance their offerings suitable for perishable cargo needs.

According to the OECD, a favorable global environment has contributed significantly to this good performance, i.e., Chile is the world’s leading copper producer, and for many years, it has benefited from an upswing in commodity prices and low international interest rates. Thus, Chile’s growth rate has been above the average for OECD countries. In terms of logistics, Chile has been ranked by the World Bank as the best in Latin America and the Caribbean region. However, it remains below the competitiveness levels of other OECD countries.

Chile Third-party Logistics (3PL) Industry Segmentation

A 3PL (third-party logistics) provider offers outsourced logistics services, which encompass anything that involves managing one or more facets of procurement and fulfillment activities. 3PL has a broad meaning that applies to any service contract that involves storing or shipping items in the business. A 3PL service may be a single provider, such as transportation or warehouse storage, or it can be a systemwide bundle of services capable of handling supply chain management. The Chilean 3PL market is segmented by service (domestic transportation management, international transportation management, and value-added warehousing and distribution) and end user (FMCG, retail, fashion and lifestyle, technology, reefer, and other end users). The report offers market size and forecasts for the Chilean 3PL market in value (USD billion) for all the above segments.

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Chile Third-party Logistics (3PL) Market Trends

This section covers the major market trends shaping the Chile Third-party Logistics (3PL) Market according to our research experts:

The E-commerce Industry is Driving the Market

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