The production of skimmed cow milk in Chile has shown variability over the past decade. From 2013 to 2023, the production volume has fluctuated, with significant drops and modest rises. As of 2023, the production stood at 421.18 thousand metric tons, showing minor declines in recent years. Specifically, the year-on-year variation for 2022 to 2023 was -0.77%, following a similar trend from 2021 to 2022 at -0.78%. Over the past five years (2019-2023), the Compound Annual Growth Rate (CAGR) was -0.79%.
Future trends to watch for include:
- Continuation of the slight decline in production, with a forecasted CAGR of -0.65% from 2024 to 2028.
- Potential impacts of environmental policies and technological advancements on production efficiency.
- Changes in domestic and international demand affecting production dynamics.
