Analysis of the forecast data for avocados exported to the US by Chile shows a consistent upward trend in value. In 2023, the export value stood at $70 million. For the next five years, the forecasted values increase progressively.
- Year-on-year variations from 2024 to 2028 show an average steady growth rate of approximately 1.06%.
- Over the past two years, we see the year-on-year growth rate incrementally rising from 1.06% to 1.01%.
- Looking at the Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028, there is an increase of approximately 1.06% per year.
Future trends to watch for include potential fluctuations in market demand in the US, climatic changes affecting avocado yields in Chile, and variations in international trade policies. Additionally, emerging competitors could influence Chile's market share in the US avocado market.
