In 2023, the cherries production at farm gate in Chile stood at 1.62 Billion US Dollars. Forecasted data predicts a steady growth in the industry, with values reaching 1.78 Billion in 2024, 1.97 Billion in 2025, 2.16 Billion in 2026, 2.34 Billion in 2027, and 2.53 Billion in 2028.
Year-on-year variation:
- 2024 over 2023: +9.88%
- 2025 over 2024: +10.67%
- 2026 over 2025: +9.64%
- 2027 over 2026: +8.33%
- 2028 over 2027: +8.12%
The Compound Annual Growth Rate (CAGR) over the last five years is approximately 9.31% per year.
Future trends to watch for:
- Increased demand in export markets driven by the rising popularity of cherries in global markets.
- Improved agricultural practices and investments in technology could further boost productivity.
- Potential economic and environmental challenges that may impact production and market prices.
