The olive oil supply in Chile exhibits a steady growth trajectory from 2024 to 2028, starting at 40.0 thousand metric tons in 2024 and reaching 46.0 thousand metric tons in 2028. This represents a stable annual increase of 2.0 to 3.0% year-on-year.
For context, the supply stood at 38.0 thousand metric tons in 2023. Over the last two years, the supply grew incrementally, and the compound annual growth rate (CAGR) for the period from 2024 to 2028 is projected at approximately 2.9%.
Future trends to watch for include:
- Impact of climate change on olive yield.
- Technological advancements in olive farming.
- Potential market expansions and export opportunities.
