The forecasted olives production in Chile is projected to see a steady increase from 137.9 thousand metric tons in 2024 to 145.2 thousand metric tons by 2028. This represents an annual growth rate of approximately 1.3% to 1.4% year-on-year. Notably, in 2023, the production value stood at 135.0 thousand metric tons, indicating an upward trend with a clear CAGR of approximately 1.8% over the five-year period from 2023 to 2028.
Future trends to watch for include:
• Potential impacts of climate change on olive yield and quality.
• Technological advancements in olive farming and harvesting techniques.
• Changes in domestic and international demand for olives and olive oil.
• Government policies and subsidies related to olive cultivation.
