Based on the provided data, the demand for oilseeds in Chile is forecasted to steadily increase year-on-year from 2024 through 2028. The values are measured in thousand metric tons. In 2023, the demand stood at 570 thousand metric tons. The year-on-year variations from 2024 to 2028 show an average growth of approximately 1.85%.
Notable points include:
- From 2024 to 2025, the demand increases by 1.91%.
- From 2025 to 2026, the increase is 1.84%.
- From 2026 to 2027, the growth rate is 1.76%.
- From 2027 to 2028, the demand rises by 1.71%.
Over the last two years, the average annual growth rate (CAGR) is approximately 1.74%, suggesting a consistent upward trend in oilseeds demand.
Future trends to watch for include:
- Global market fluctuations impacting prices and availability.
- Changes in agricultural policies and subsidies within Chile.
- Technological advancements in farming and seed production.
- Environmental factors, such as climate change, affecting crop yields.
