Chile

Chile ranks relatively high in the Environmental Sustainability Index in a global context, thanks to ample renewable water resources, a strong agricultural sector, and a positive direction in energy sector sustainability. Nevertheless, the country ...

Latin America’s growht will slow considerably in 2019. The region’s consumer expenditure will also weaken slightly in 2019. Caribbean economies will lag behind other countries due to their excessive reliance on tourism and remittances. Latin America ...

Overall hot drinks will remain a mature stable market in Chile with modest growth in volume terms. However, the industry has experienced strong growth in value terms thanks to a predominant premiumisation trend. Coffee leads the way with fresh coffee...

Other hot drinks is divided into two main types of products: 1) Plant-based hot drinks or more specific to Chile, yerba mate; and 2) Flavoured powder drinks such as chocolate malt or other flavours. This means two very distinct subcategories with ...

The consumer in Chile is experimenting and developing a more refined taste for tea. With the development of speciality shops such as Adagio Teas and Whittard, consumers are expanding their appreciation of tea as a beverage. New options of speciality ...

Coffee continues with strong growth in both volume and value terms. The main drivers behind this growth are consumers looking for better quality coffee, and improved disposable income to spend on better quality coffee. The result has been continued ...

Although Chile’s economy recovered strongly in 2018, owing to solid domestic demand, a global downturn is likely to lead to slower GDP development in the short term. Additionally, a fall in copper prices, aggravated by a Chinese economic slowdown, ...

Charge cards are not currently available in Chile and are not expected to be introduced over the forecast period....

Chile is an aspirational market, where social status is highly correlated with the credit card segment (gold, premium, black cards). Therefore, both issuers and operators continue to add sub-labels and rename and create new segments to attract ...

The Chilean debit market is now mature, with the average number of debit cards per person standing at the second highest level in Latin America, closely behind Brazil. Through strategies like Banco Estado’s Cuenta Rut, which offers debit cards to ...

Financial inclusion in Chile continues to improve, with it becoming ever easier to access financial products in areas such as credit, savings and cash administration. Every year, the financial offer is widening as players adapt solutions to almost ...

Open loop pre-paid cards remain undeveloped in Chile, offering huge potential. While different companies such as Metro de Santiago, Caja Los Andes and Caja La Araucana have been tempted to introduce their own pre-paid cards, none have done so thus ...

During the 1990s, store cards were issued to give the population access to durable products within department stores. Over the years, retailers understood that store cards could bring specific value by opening them up to other businesses and forming ...

Gradual growth of income per capita, stable employment rates, and a slowly expanding middle class are likely to lead to consumer market expansion in Chile over 2019-2030. Moreover, the government aims to implement a number of infrastructural and ...

Card lending continues to dominate consumer credit gross lending in Chile. Due to the vast supply of credit cards by retail banking and cooperatives, complemented by store card activity, this type of lending has become highly popular among consumers ...

In recent years, the Chilean economy has begun to improve and consumer confidence has increased. In addition, rising disposable incomes have also boosted long-term consumption and demand for mortgage, education and consumer credit. Although ...

2019 saw one of the worst flu seasons ever for Chile as the country experienced 14 deaths from the Influenza virus. The outbreak was described by minsters as both rapid and explosive. The government called for the country to be vaccinated, ...

In 2018 the public health system in Chile bought 230 million units of acetaminophen. The drug was distributed free of charge to patients in public hospitals and medical facilities. This vast distribution of free medication had a knock-on effect in ...

As birth rates declined in 2019, so did value sales for nappy (diaper) rash treatments. Consumers linked the product to its primary use – to soothe infants when changing their nappies. Diversifying the use of the treatment would be solid a way for ...

There are three main chemists/pharmacies chains in Chile; Salcobrand, Farmacias Cruz Verde and Farmacias Ahumada, and each specialise in a different product area, thus holding their niches. Salcobrand focuses on consumer health vitamins and dietary ...