The soybean oil import volume in Chile stood at 67.0 thousand metric tons in 2023, showing a year-on-year decline of 2.9%. An analysis of historical data shows significant fluctuations: a peak in 2016 followed by a notable drop in 2017 and 2018. Since 2019, imports have generally decreased, with the volume reducing by an average of 2.56% per year from 2023 to 2028. Recent two-year trends reflect a minor downward shift, averaging a 2.9% annual decrease, while the five-year CAGR was 0.3%.
Future trends to watch for include market conditions impacting import volumes, potential policy changes affecting trade, and developments in local production capacities. Monitoring these factors will be essential for forecasting future import volumes accurately.
