The nuts market in Chile has shown significant fluctuations over the past decade. Starting from 34,000 metric tons in 2014, the volume declined drastically in the subsequent years, reaching a low of 20,000 metric tons in 2023. From 2023 onwards, the market continues its downward trend, with forecasts indicating a further decline to 16,200 metric tons by 2028. The year-on-year variation in 2023 was -4.76%, and the Compound Annual Growth Rate (CAGR) over the last five years stood at -1.89%, signaling a consistent decrease in market volume.
- The nuts market volume was 20,000 metric tons in 2023.
- There was a -4.76% year-on-year decline in 2023.
- The five-year CAGR from 2019 to 2023 was -1.89%.
- The forecasted CAGR from 2024 to 2028 is -3.44%, predicting a continuous decline.
- A significant decrease in the market volume by 16.06% is expected over the next five years.
Future trends to watch for include shifts in consumer preferences towards alternative snacks, potential policy changes affecting agriculture, and climatic impacts on nut production. Emerging health trends and the focus on sustainable farming practices could also affect market dynamics.
