Chile: Food Service - Hotel Restaurant Institutional

  |   Attaché Report (GAIN)   |   CI2021-0022

The Chilean HRI sector is currently recovering from the impacts of the COVID-19 lockdown. In 2020, Chilean HRI sector sales were down nearly 40 percent from 2019. As vaccination numbers surged and restrictions relaxed in the second half of 2021, the Chilean economy began to show signs of a prompt recovery. The Chilean Central Bank reported that private consumption increased 20 percent during the second quarter of 2021. Chilean GDP growth year-over-year is expected to reach 11 percent in 2021 and to normalize around 2.0 percent in 2022. Best prospects for U.S. HRI exporters include dairy products, beef and pork, craft beer, and distilled spirits.

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