In 2023, olive oil production in Chile stood at 21.5 thousand metric tons. Forecasts for 2024 predict a production increase to 22.0 thousand metric tons, indicating a year-on-year growth of approximately 2.3%. Projections for the 2025-2028 period remain steady at 23.0 thousand metric tons each year, implying a compounded annual growth rate (CAGR) of 1.4% over the five-year period from 2024 to 2028.
Future trends to watch for include the impact of climate change on olive yields, advancements in agricultural technology, and shifts in global demand and trade policies potentially affecting production and export opportunities for Chilean olive oil.
