The garlic export value from Chile to Brazil is on an upward trajectory from 2024 to 2028. Starting at $9.77 million in 2024, it is forecasted to reach $13.16 million by 2028. For 2023, the actual value stood at $8.92 million, marking a solid base for the forecasted growth.
Year-on-year variations indicate progressive growth:
- From 2023 to 2024: 9.5% increase
- From 2024 to 2025: 8.8% increase
- From 2025 to 2026: 8.0% increase
- From 2026 to 2027: 7.4% increase
- From 2027 to 2028: 6.7% increase
This consistent rise points to a Compound Annual Growth Rate (CAGR) of approximately 8.1% over the five-year period from 2024 to 2028.
Future trends to watch for include changing trade policies between Chile and Brazil, fluctuations in global garlic prices, and potential increases in production capacity within Chile. Monitoring these factors will be essential to anticipate future shifts in export values and maintain competitive advantages in the market.
