Chile's olive oil export volume in 2023 stood at 16.15 thousand metric tons. Forecasts for 2024 predict a volume of 16.48 thousand metric tons, increasing to 16.82 in 2025, 17.15 in 2026, 17.48 in 2027, and 17.80 in 2028. This shows a steady growth in export volume, indicating a positive trend.
Year-on-year, the forecasted growth rates are as follows:
• 2024-2025: 2.06%
• 2025-2026: 1.96%
• 2026-2027: 1.92%
• 2027-2028: 1.83%
Over the five-year period, the Compound Annual Growth Rate (CAGR) for Chilean olive oil exports is approximately 1.94%, signifying consistent growth in this sector.
Future trends to watch for include potential impacts of climate change on olive production, shifts in global olive oil demand, and trade policy changes which might create either opportunities or challenges for Chilean exports.
