Since 2013, the land area equipped for irrigation in Chile has seen fluctuating growth, with significant increases observed between 2016 and 2018. By 2023, the value stood at 68.95 units of cropland. Year-on-year variations indicated moderate growth, particularly in the last two years with 0.8% in 2022 and 0.79% in 2023. The compound annual growth rate (CAGR) over the past five years (2018-2023) averaged at 1.43%. Future forecasts project continued growth, albeit at a slower 5-year CAGR of 0.57%, reaching 71.47 units by 2028, a total growth rate of 2.88% from 2023.
Future trends to watch for:
- Advancements in irrigation technology.
- Government policies favoring sustainable agriculture.
- Impact of climate change on water resources.
