Chile's rapeseed oil production stood at 64 thousand metric tons in 2023. Moving into the forecasted period, the production is expected to consistently increase from 65 thousand metric tons in 2024 and 2025, to 66 thousand metric tons in 2026 and 2027, reaching 67 thousand metric tons by 2028. This marks a steady trend of approximately 1.5% year-on-year growth in the latter part of the forecast period.
The average annual growth rate (CAGR) from 2024 to 2028 is projected to be around 1.2%, indicating a gradual but stable increase in production capacity.
Future trends to watch for:
- Impact of agricultural policies and trade agreements on production levels.
- Technological advancements in farming practices and oil extraction methods.
- Shift towards sustainable and eco-friendly production methods.
- Fluctuations in global demand and prices for rapeseed oil.
- Climate change and its effects on crop yields.
