The production of agriculture, forestry, and seafood in Chile displayed a steady upward trend from 2013 to 2019, with some fluctuation in 2020 due to a significant contraction (-14.45%). However, by 2021, the sector rebounded sharply with a 17.81% increase. As of 2023, the production value stands at 17.566 trillion Chilean pesos, marking a slight year-on-year increase of 2.66%. This period witnessed an average annual growth rate (CAGR) of 2.95% over the past five years. Looking ahead, the forecasted growth from 2024 to 2028 anticipates a moderate expansion, with an average CAGR of 2.01% and an overall growth rate of 10.47% by 2028.
Future trends to watch for:
- Technological advancements in agricultural practices
- Government policies favoring sustainable practices
- Global economic conditions impacting export demand
- Climate change implications on agricultural yields
- Investment in aquaculture and forestry expansion
