Market Size of Chile Fruits and Vegetables Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.50 % |
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Chile's Fruits and Vegetables Market Analysis
The Chilean fruits and vegetables market is projected to register a CAGR of 2.5% during the forecast period.
- Strong support from the Chilean government, free-trade agreements with major countries, and minimal tariff access to multiple global markets lend Chile numerous comparative advantages in the fruits and vegetable sector over the long term.
- Chile is responsible for 60.0% of all fruit exports. It is largely driven by investment in the fruit sector due to increased earnings from the export market and high returns from fresh blueberries, grapes, plums, dried apples, and prunes. It is also the second-largest exporter of avocados, cherries, walnuts, and raspberries. Grape is the leading fruit in terms of exports, followed by apples and blueberries.
- The profitability of the industry has significantly reduced in recent years. Long-term governmental policies, positive changes in orchard management practices, and more research funding are required to maintain the viability of the Chilean fruits and vegetable industry. Government policies may aid in producing more fresh fruits and vegetables in the country and help increase the farmers' income.
