Chile's cherry production is set to increase significantly in the coming years. In 2023, the production stood at 518.25 thousand metric tons. Forecasts indicate production will reach 568.67 thousand metric tons in 2024, representing a 9.73% year-on-year growth. The trend continues with 9.38% growth to 621.96 thousand metric tons in 2025, 8.48% growth to 674.71 thousand metric tons in 2026, 7.74% growth to 726.94 thousand metric tons in 2027, and 7.12% growth to 778.65 thousand metric tons in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 8.09%, demonstrating a sustained upward trend in cherry production.
Future trends to watch for include advances in agricultural technology, climate change impacts, and shifts in global market demand. These factors could influence both production quantities and export dynamics, providing further growth opportunities for Chile's cherry industry.
