Market Size of Chile Third-party Logistics (3PL) Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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3PL in Chile Market Analysis
The Chilean 3PL market is anticipated to register a CAGR of about 4.5% during the forecast period.
Chile is one of Latin America's most secure and open economies. Chile's logistics industry is still developing. However, recent years saw an increase in import and export activity. The country's ideal geographic location allows significant possibilities for connecting with other nations via air, sea, or land, including those in Europe, Asia, and South and Central America. Additionally, there is a surge in the export of fruits from Chile, such as red cherry, to other nations, such as China, which gives air cargo providers more opportunities to improve their services to meet customers' needs for perishable cargo.
The OECD claims that the positive global climate, in which Chile, the world's top copper producer, profited from rising commodity prices for a long time and low global interest rates. It played a crucial role in this triumphant performance. Chile's growth rate is higher than the OECD average. The World Bank classified Chile as having the finest logistics in Latin America and the Caribbean. It yet continues to be less competitive than other OECD nations.
In Chile, online grocery shopping is more popular, especially for home delivery. As a result, the market experienced a threefold increase in demand, particularly in restaurants, pharmacies, and supermarkets, with a 70% increase on average in the grocery category.
The Chilean port marine union emphasized during COVID-19 that the nation's supply system, imports, and exports all continued to run with no noticeable changes. However, many airlines with operations in Chile and around the globe stopped flying to the regions most impacted by COVID-19, reducing airborne foreign trade activity by 70%.
