The orange and mandarin market size volume in Chile has seen a consistent decline from 79.0 thousand metric tons in 2014 to 30.0 thousand metric tons in 2023. In 2023, the market stood at 30.0 thousand metric tons, marking a -9.09% year-on-year variation, with a compound annual growth rate (CAGR) of -6.95% over the last five years. Notable annual declines include a -32.91% drop in 2015 and an -11.95% fall in 2020. The forecast indicates continued shrinkage, with a CAGR of -9.47% expected from 2024 to 2028, resulting in a projected market size of 16.6 thousand metric tons by 2028, reflecting a -39.19% overall decrease over five years.
Future trends to watch for include:
- The potential impact of climate change on citrus production.
- Shifts in consumer preferences towards alternative fruits or processed products.
- Technological advancements in agriculture that could improve yields and market resilience.
- Policy changes aimed at supporting local agriculture and mitigating market declines.
