In 2023, the production of potatoes at the farm gate in Chile stood at approximately 405.00 million Euros. The forecasted data for the next five years shows a consistent upward trend, with values projected to reach 415.56 million Euros in 2024, 425.17 million Euros in 2025, 434.73 million Euros in 2026, 444.25 million Euros in 2027, and 453.72 million Euros in 2028.
For the year-on-year percentage variation:- 2024 compared to 2023: 2.61%- 2025 compared to 2024: 2.31%- 2026 compared to 2025: 2.24%- 2027 compared to 2026: 2.19%- 2028 compared to 2027: 2.13%
Over the last two years (2022-2023), the average variation per year saw significant growth indicative of robust market dynamics and expanding production capacities. The five-year compound annual growth rate (CAGR) from 2023 to 2028 is approximately 2.30% per year.
Future trends to watch for include potential impacts of global supply chain shifts, climate change affecting agricultural yields, and the implementation of new farming technologies and practices which could further enhance production efficiency and capacity.
