The forecast for Chile's garlic exports to Mexico shows steady growth over the next five years, starting from $23.38 million in 2024 to $25.2 million in 2028. This consistent increase highlights a positive trend in the export market. For 2023, the actual value needs to be stated to establish a complete trend analysis, as the provided data only mentions forecasted values without a reference for 2023.
Year-on-year percentage variations are as follows:
- 2024 to 2025: 2.0%
- 2025 to 2026: 1.9%
- 2026 to 2027: 1.9%
- 2027 to 2028: 1.8%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.9%, indicating a stable upward trend in exports.
Future trends to watch for include shifts in garlic production and demand dynamics in both Chile and Mexico, potential trade policy changes, and broader economic conditions that could impact international trade flows.
