The lemons and limes market in Chile has seen a general decline in volume from 2014 through 2023, decreasing from 107.0 thousand metric tons to 71.0 thousand metric tons. The most significant year-on-year changes include a sharp decrease of 20.56% in 2015 and another notable drop of 19.13% in 2020. Reactive periods were observed with growth in 2017 by 19.44%, and in 2021 by 17.31%. The compound annual growth rate (CAGR) for the last five years has been consistently negative, with a CAGR of -2.36%.
For future trends, there are projections indicating a continued decrease in market size, with the volume expected to further decline to 61.3 thousand metric tons by 2028, reflective of a five-year forecast CAGR of -2.27%. The market may see factors such as climate impact, changes in consumer preferences, and industry regulations influencing these downward trends.
Key trends to watch for in the future include:
- Evolving agricultural practices and their impact on yield and quality.
- Potential shifts in trade policies affecting import and export volumes.
- Consumer demand for fresh versus processed citrus products.
