The import volume of Virgin Olive Oil to Chile has experienced significant fluctuations over the years. In 2023, the import volume stood at 1909.1 thousand kilograms. Observing past data, the period from 2013 to 2017 saw considerable volatility, culminating in a notable decrease in 2017. A dramatic increase in 2018 was followed by a decline in 2019 and 2020, before slowly rising again from 2021 onwards. The last recorded year-on-year variation for 2023 was 4.29%.
Key points:
- Volatile imports from 2013 to 2017.
- Sharp increase in 2018, followed by a drop in 2019-2020.
- Gradual recovery from 2021, stabilizing into 2023.
- 4.29% year-on-year increase in 2023.
- CAGR for the 5-year forecast (2024-2028) stands at 3.05%, indicating a growth trend.
Future trends to watch for include potential market stabilization and demand growth. The forecasted years display moderate growth, suggesting a steady increase in imports. Attention should be paid to international market conditions, domestic demand shifts, and trade policies which may impact this trend.
