Forecast: Meat Demand in Chile

The demand for meat in Chile has shown considerable fluctuations over the past decade, with actual values rising from 1.43 million metric tons in 2014 to 1.79 million metric tons in 2023. The year-on-year variation reveals considerable volatility, including a significant dip in 2020 at -15.93%, followed by a strong recovery in 2021 with a 21.95% increase. Overall, the 5-year compound annual growth rate (CAGR) leading up to 2023 is 0.85%, demonstrating modest average growth despite the fluctuations.

Looking forward, the forecasted demand for meat suggests continued growth, with a 5-year CAGR predicted at 0.91%, driving the total volume to 1.90 million metric tons by 2028, representing a total growth rate of 4.63% over this period.

Future trends to watch for include potential impacts of economic shifts, consumer preferences towards plant-based diets, and changes in trade policies, all of which could influence meat consumption patterns in Chile.