The grape production at farm gate in Chile is showing an increasing trend from 2024 to 2028. In 2023, the production stood at a certain baseline, and as forecasted data becomes available for 2024 and onwards, growth is evident. Year-on-year, production is expected to grow from 986.27 Million Euros in 2024 to 1080.0 Million Euros in 2028, reflecting consistent annual increases.
Observing the last two years, the forecast indicates average year-on-year growth rates of approximately 2.4% to 2.9%. The compound annual growth rate (CAGR) over the five-year forecast period is expected to be around 2.30%.
Future trends to watch include potential impacts from climate change, technological advancements in agriculture, and shifts in trade policies, all of which could significantly influence grape production levels in Chile.
