Beef meat production in Chile has been on a generally downward trend since 2014. In 2023, production stood at 191.0 thousand metric tons, marking a -1.04% year-on-year decrease from 2022. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 was -0.82%, indicating a steady decline over recent years.
Some key trends include:
- From 2014 to 2015, production rose slightly by 0.45%.
- From 2016 onwards, there has been a consistent decline, with notable drops in 2016 (-4.44%), 2017 (-5.58%), and 2020 (-5.95%).
- 2021 showed a temporary rebound with a 4.19% increase from 2020, but the decline resumed from 2022 onward.
Looking ahead, the forecast for 2024 through 2028 suggests an ongoing decline at an average annual rate of -0.86%, with an overall projected decrease of -4.22% by 2028.
Future trends to watch for include shifts in domestic demand, changes in international trade policies, potential innovations in beef production technologies, and the impact of climate change on agricultural practices. Monitoring these factors will be critical for anticipating future production dynamics.
