The production of whole cow milk cheese in Chile demonstrated significant fluctuation over the past decade. Between 2013 and 2016, production was relatively stable, albeit with minor variations, ending at 81.57 thousand metric tons in 2016. The year 2017 saw a notable increase of 15.57%, bringing the value to 94.27 thousand metric tons. This growth trajectory continued steadily, reaching 104.91 thousand metric tons in 2023.
The year-on-year variations in recent years show a stable expanding trend post-2020, with a 2.19% increase in 2022 and a 2.1% increase by 2023. The CAGR for the last five years shows an average annual growth rate of 2.29%, depicting steady progress overall. Looking ahead, predictions indicate a continued growth with a projected 5-year CAGR of 1.61%, anticipating an 8.3% growth by 2028, reaching 116.19 thousand metric tons.
Future trends to watch for include potential impacts of market demand shifts, changes in global dairy production, and evolving consumer preferences towards cheese types. Innovations in dairy farming technology and potential trade agreements could also influence production volumes significantly.
