Key Market Indicators
Chilean oilseed consumption is projected to climb to approximately 65,000 metric tons by 2028, up from 61,000 metric tons in 2023. This represents an average annual growth rate of 1%. Since 2019, Chilean demand for oilseeds has consistently risen by 1% each year. In the global ranking for 2023, Chile stood at 59th, with North Korea slightly ahead at 61,000 metric tons. Leading the list were India, Indonesia, and Brazil, occupying the second, third, and fourth spots, respectively. On the production front, Chilean oilseed output is expected to reach nearly 138,000 metric tons by 2028, up from 121,000 metric tons in 2023. This marks an average annual growth rate of 2.1%. Since 1966, Chilean oilseed production has seen a steady increase of 0.9% per year. In 2023, Chile ranked 79th globally in oilseed production, with the Dominican Republic just ahead at 121,000 metric tons. Dominating the production rankings were Brazil, Malaysia, and the United States, securing the second, third, and fourth positions, respectively.
