From 2014 to 2023, Chile's vegetable oil export volume exhibited notable fluctuations. The export volume in 2023 stood at 48.0 Thousand Metric Tons. Significant year-on-year variations were observed—2015 marked a decline, 2018 had the highest growth, while 2020 saw the steepest drop. In recent years, minor growth variations stabilized, with 2023 displaying a 2.13% increase from 2022, and a 5-year CAGR of 0.42%.
Looking ahead, forecasts suggest a gradual rise in export volumes, with an average annual growth rate projected at 1.17% through 2028, cumulating in a 6% total growth over the period. Key trends to monitor include potential shifts in global demand, regulatory changes, and climate impacts on crop yields.
