The arable land area in Chile showed a steady growth from 2013 to 2023, increasing from 1.285 million hectares to 1.3202 million hectares in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged at 0.25%. Year-on-year growth has hovered between 0.23% and 0.31% annually, indicating a consistent but modest expansion.
The forecast for the period from 2024 to 2028 predicts a slight deceleration in growth, with a predicted CAGR of 0.17%. By 2028, the arable land area is expected to reach 1.3347 million hectares, representing a cumulative growth of 0.86% over five years.
Future trends to watch for include:
- The impact of climate change on land usability and agricultural practices.
- Technological advancements in agriculture that may influence land efficiency and productivity.
- Policy changes regarding land use and sustainability measures.