Forecast: Chicory and Lettuce Production in Chile

The production of chicory and lettuce in Chile rose steadily from 2013 to 2014, followed by fluctuations between 2015 and 2020. A significant increase was observed in 2018, rebounding from a previous decline. The data shows gradual upward corrections from 2021 onwards, stabilizing around 90-91 thousand metric tons by 2023. As of 2023, production stood at 90.95 thousand metric tons, with minimal year-on-year variation in recent years.

Recent trends reveal:

  • 2019 to 2020: A slight dip of 2.52%
  • 2020 to 2021: Rebound with a 5.51% increase
  • 2021 to 2022: Marginal growth of 0.23%
  • 2022 to 2023: Stable with a 0.22% rise

A five-year compound annual growth rate (CAGR) from 2018 to 2023 sits at a minor decline of -1.29%. Forecasts suggest steady growth with an average annual increase of 0.18%, projecting production to rise to 92.01 thousand metric tons by 2028.

Future Trends to Watch For:

Climate change impacts on crop yields, technological advancements in agricultural practices, and market-driven shifts in crop demand will influence future production trends of chicory and lettuce in Chile.

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