Avocado production in Chile has shown fluctuating trends over the years, with significant year-on-year variations. From a dip of -3.55% in 2013, the production saw a notable rise of 26.5% in 2014 but faced a reduction of -19.42% in 2015. In 2016, production increased by 31.02%, followed by a steady rise until 2017. However, the year 2018 experienced a significant decrease of -25.2%. Following years experienced moderate changes with peaks and troughs, culminating in a 4.38% increase in 2023, standing at 226.48 Thousand Metric Tons.
Recent trends highlight the variability in production, with a 6.84% rise in 2022 and 4.38% in 2023. Over the last five years, the production’s Compound Annual Growth Rate (CAGR) stood at 2.38%, indicating moderate growth.
Looking forward, from 2024 onwards, avocado production is forecasted to stabilize, showing a minimal annual increase, with a forecasted 5-year CAGR of 0.18%. Key trends to monitor include potential impacts of climate change, shifts in global demand, and advancements in agricultural technology on production levels.
