The whole fresh cow milk production in Chile has shown a declining trend over the past decade. From a high of 2.1492 million metric tons in 2013, the production volume decreased to 1.1005 million metric tons in 2023. This represents a decrease of 6.34% year-on-year in 2023. Over the last two years, the production variation averaged around -6.2% annually. The compound annual growth rate (CAGR) for the past five years stands at -11.19%.
Forecasts indicate that whole fresh cow milk production in Chile will continue to decline, reaching approximately 0.75128 million metric tons by 2028. The forecasted five-year CAGR is -6.06%, signifying an estimated 26.83% reduction in total production over this period.
Key future trends to watch for:
- Impact of climate change on dairy farming and milk production
- Adoption of technology and innovation in dairy farming to improve yields
- Shifts in domestic and international demand for fresh cow milk
- Government policies and subsidies affecting the dairy sector
- Competition from alternative milk sources
