From 2013 to 2023, avocado consumption at the farm gate in Chile showed variability in growth, seeing significant spikes and declines particularly between 2014 and 2020. In 2023, the volume stood at 104.16 thousand metric tons. Notably, the year-on-year growth from 2022 to 2023 was 0.51%, following a 0.57% rise from 2021 to 2022. The average compound annual growth rate (CAGR) over the last 5 years was around 2.41%, indicating moderate growth.
Future trends to watch for include:
- Stabilized growth with forecasted CAGR of 0.27% over the next five years, indicating a potential plateau in consumption levels.
- Shifts in consumer preferences and potential impacts of climatic factors on avocado yields.
- Market dynamics such as global demand shifts and trade policies affecting avocado exports and local consumption.