Coffee demand in Chile has exhibited significant fluctuations over the past decade. Starting in 2014 at 10.0 thousand metric tons, the demand generally increased, reaching 14.0 thousand metric tons in 2023, with certain years exhibiting large year-on-year variations. For instance, demand declined by 10% in 2015 but surged by 20% in 2017. Despite a sharp drop of 17% in 2020 due to the COVID-19 pandemic, the market rebounded with a 20.48% increase in 2021. The average annual growth rate over the last five years (CAGR) stands at 1.49%, reflecting a stable market.
Looking ahead, forecasted data from 2024 to 2028 suggests a continued upward trend in coffee demand, achieving 15.36 thousand metric tons by 2028. The five-year CAGR is expected to be around 1.44%, showing moderate but consistent growth over the period.
Future trends to watch for include the influence of health and wellness trends on coffee consumption, innovations in coffee products, and potential market disruptions due to climate change affecting coffee production globally.
