The production of walnuts in Chile has experienced significant growth over the past decade. In 2013, production stood at 42.59 thousand metric tons. By 2023, this figure had increased to 145.83 thousand metric tons, showcasing a strong upward trajectory driven by increased demand and favorable growing conditions. The annual growth rate has generally been positive, with the highest recorded year-on-year variation at 64.38% in 2014. The compound annual growth rate (CAGR) over the past five years shows a steady but gradually slowing trend, recorded at 2.86% for the forecasted period up to 2028.
From 2024 onwards, walnut production is forecasted to continue its upward trend albeit at a slower pace. The anticipated CAGR for the next five years is 2.86%, translating to a cumulative growth rate of 15.16%. This suggests a maturation of the market with production reaching 174.9 thousand metric tons by 2028.
Key future trends to watch for include:
- Advancements in agricultural technologies and practices aimed at boosting yield efficiency.
- Expansion into new export markets in response to growing global demand for walnuts.
- Possible impacts of climate change and environmental policies on walnut farming practices and production levels.
- Fluctuations in global prices for walnuts, affecting profitability and investment in the sector.
