The sunflower seed oil market in Chile stood at 26.0 thousand metric tons in 2023, maintaining stable volume since 2021, with a zero percent year-on-year variation. From 2014 to 2023, the market has experienced fluctuations with an overall modest positive average growth rate of 0.79% CAGR over the past five years. Key historical variations include a notable rise of 17.39% in 2016 and a decline of 7.41% in 2018. The projected growth from 2024 to 2028 indicates a steady minimal increase with a forecasted 0.3% CAGR, reaching a slight growth rate of 1.53% by 2028.
Future trends to watch for in the Chilean sunflower seed oil market include potential shifts in consumer preferences towards healthier oil options, the impact of climate change on sunflower crop yields, and any changes in governmental policies or trade agreements affecting agricultural imports and exports.
