The soybean oil supply in Chile is forecasted to increase from 197.0 thousand metric tons in 2024 to 207.0 thousand metric tons by 2028. In 2023, the supply was at 195.0 thousand metric tons, reflecting a consistent growth trend. The year-on-year growth rates are approximately 1.0% for 2025, 1.5% for 2026, 1.0% for 2027, and 1.5% for 2028. Over the last five years, the compound annual growth rate (CAGR) stands at around 1.5%.
Future trends to watch for include:
• Changes in global demand for soybean oil.
• Developments in agricultural technology and practices in Chile.
• Potential policy changes affecting import and export regulations.
• Climate variations impacting soybean production.
• Shifts towards more sustainable and environmentally friendly oil sources.
