Chile's forecasted olive export volume is set to decline significantly from 2024 to 2028. The volume stood at 1000 Metric Tons in 2023, with forecasts for 2024 predicting a reduction to 800 Metric Tons, translating to a 20% year-on-year decline. This downward trend continues in 2025 with a further 25% decrease to 600 Metric Tons. By 2026, the volume is projected to drop by 17% to 500 Metric Tons, followed by a sharp 40% fall to 300 Metric Tons in 2027. Lastly, 2028 is forecasted to see another drastic 33% decrease to 200 Metric Tons. Over the five-year period, the compound annual growth rate (CAGR) reflects an average yearly decrease of approximately 27%.
Future trends to watch for include potential changes in global demand for olives, shifts in local agricultural practices, climate impact on olive production, and evolving trade policies that may affect Chile’s export capabilities.
