The total value of agricultural production at the farm gate in Chile has shown a general upward trend, with a value of 10.755 trillion Chilean Pesos in 2023. This represents a year-on-year increase of 2.92%, reflecting consistent growth in recent years.
From 2013 to 2017, considerable growth was observed, although 2017 saw a slight decline. Post-2017, the value resumed its upward trajectory. The most recent 5-year CAGR stands at 2.63%, indicating steady growth despite minor fluctuations.
Future trends to watch for include the impact of climate change on crop yields, advancements in agricultural technology, and shifts in global demand for Chilean agricultural products. These factors will likely influence the forecasted 10.67% growth over the next five years with a 5-year CAGR of 2.05%.
