Analysis of the olive oil market size in Chile based on the data provided reveals a fluctuating trend between 2014 and 2023. The market volume was highest in 2014 at 9.0 thousand metric tons before experiencing a significant drop in 2015. The subsequent years show a mix of recoveries and declines, stabilizing around 6.0 thousand metric tons from 2021 to 2023.
Variations year-on-year highlight notable declines and increases, with the most drastic drop of 66.67% in 2015 and a significant rebound of 166.67% in 2016. The average annual growth rate (CAGR) over the last five years ending in 2023 indicates no growth, standing at 0%.
Future trends to watch for include a gradual annual decline from 2024 to 2028, with a forecasted CAGR of -1.99%, leading to an overall decrease of 9.57% over five years. Market variations could be influenced by factors such as climate impact, changes in agricultural practices, and shifts in consumer preferences.
