Cherries consumption at the farm gate in Chile is expected to significantly increase from 2024 to 2028. Starting at 47.53 thousand metric tons in 2024, the value is projected to rise to 66.86 thousand metric tons by 2028. This upward trajectory follows a consistent year-on-year growth pattern: a 10.3% increase in 2025, 9.2% in 2026, 8.4% in 2027, and 7.7% in 2028. Considering the previous two years, 2023 saw actual consumption figures at 42.84 thousand metric tons, showing strong growth into 2024. Over the five-year period, the compound annual growth rate (CAGR) for cherries consumption stands at approximately 8.9%.
Future trends to watch for include:
- Potential impacts of climate change on cherry yield and quality.
- Shifts in global export demand driven by changing consumer preferences.
- Technological advancements in farming practices to enhance productivity.
- Economic factors influencing domestic and international market dynamics.
