The demand for cocoa beans in Chile has shown moderate fluctuation over the past decade, with values around 3.0 to 4.0 thousand metric tons. In 2023, the demand stabilized at 4.0 thousand metric tons. From 2014 to 2019, annual variations included peaks and troughs, but the general trend pointed to gradual growth.
In the recent past, year-on-year variations were modest, such as: - 2022 vs. 2021: 0% - 2021 vs. 2020: 5.26% - 2020 vs. 2019: -5%Future projections suggest a steady rise, with the value forecasted to increase to 4.3 thousand metric tons by 2028. This indicates a 5-year CAGR of 0.96% and a forecasted 5-year growth rate of 4.88%.
Future trends to watch for include the impact of changing consumer preferences, potential new sourcing strategies, and economic conditions that could influence import levels and demand stability. Adjustments in the global supply chain could also play a significant role in shaping future demand in Chile.
