In 2023, hemp seed production in Chile stood at 1.60 thousand metric tons. According to forecasts, production will increase to 1.67 thousand metric tons by 2028. This represents a year-on-year growth of approximately 0.6% to 1%. Specifically, the growth rate from 2024 to 2025 is 1.24%, from 2025 to 2026 is 0.61%, from 2026 to 2027 is 1.22%, and from 2027 to 2028 is 0.60%. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is about 0.88%.
Future trends to watch for in the hemp seed market in Chile include potential regulatory changes, technological advancements in cultivation, and shifts in market demand driven by health and wellness trends. Additionally, climate change and its impact on agricultural productivity may also play a significant role in shaping future production levels.