In 2023, the import of fresh or chilled garlic to Chile stood at a certain value, providing a baseline for the forecasted growth in the coming years. The forecasted data from 2024 to 2028 shows a steady increase in import values, indicating a rising demand or potential market expansion. Starting from 5.1535 million USD in 2024 and reaching 5.5967 million USD by 2028, the year-on-year increases reflect consistent growth.
Year-on-year variations (2024-2028):
- 2024-2025: 2.21%
- 2025-2026: 2.12%
- 2026-2027: 2.04%
- 2027-2028: 1.96%
The Compound Annual Growth Rate (CAGR) over the five years stands at 2.08%, reflecting a stable upward trend in garlic imports.
Future trends to watch for include market dynamics such as shifts in domestic production, changes in consumer preferences toward garlic, trade policies, and potential impacts from global garlic supply variations. Monitoring these factors will be crucial for understanding the long-term trajectory of garlic imports to Chile.
