Grape Market Overview in Chile
In value terms, grape production skyrocketed to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.
In , the average yield of grapes in Chile was estimated at tonnes per ha, remaining stable against the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % y-o-y. The grape yield peaked at tonnes per ha in 2013; however, from 2014 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The grape harvested area in Chile totaled ha in , remaining stable against the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the harvested area increased by % against the previous year. The grape harvested area peaked at ha in 2010; however, from 2011 to , the harvested area remained at a lower figure.
The revenue of the grape market in Chile skyrocketed to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.