The forecast for garlic exports from Chile to the US between 2024 and 2028 shows a consistent decline. In 2023, actual exports stood at 144 metric tons. From 2024 onwards, the forecasted exports start at 140 metric tons in 2024 and steadily decrease to 125 metric tons by 2028. Year-on-year variations show a negative trend: a decrease of approximately 2.14% in 2024, 2.14% in 2025, 2.92% in 2026, 3.01% in 2027, and 3.10% in 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately -3.44%.
Future trends to watch for include changes in agricultural practices, climate conditions, and international trade policies that could impact garlic production and export volumes. Additionally, monitoring competition from other garlic-producing countries and evolving consumer preferences in the US will be crucial for understanding and adapting to potential market shifts.
