Chile's cherry production has experienced significant fluctuations and growth over the last decade. In 2023, cherry production stood at 280.57 thousand metric tons. Year-on-year growth rates varied, with notable increases in years like 2016 (32.48%) and 2018 (90%), whereas there were declines in 2017 (-22.58%) and 2020 (-2.04%). The 5-year average annual growth rate (CAGR) during this period was 4.24%. Looking ahead, production is forecasted to reach 347.71 thousand metric tons by 2028, with a forecasted 5-year CAGR of 3.36% and a forecasted 5-year growth rate of 18%.
Future trends to watch for:
• Focus on sustainability practices to meet global standards.
• Potential market expansion into new geographies.
• Impact of climate change on crop yields.
• Technological advancements in cherry farming.
