Based on the provided data, the domestic consumption of olive oil in Chile is forecasted to remain steady at 7.0 thousand metric tons in 2024, 2025, and 2026. By 2027, consumption is expected to increase to 8.0 thousand metric tons, maintaining this level through 2028. In 2023, the actual consumption stood at 7.0 thousand metric tons. The year-on-year variation remains constant at 0% from 2024 to 2026, with a notable increase of approximately 14.3% in 2027. This increase is sustained in 2028. Over a five-year period, the compound annual growth rate (CAGR) is approximately 2.7%.
Future trends to watch for include potential changes in consumer preferences towards healthier oils, an increase in domestic production capabilities, and economic factors that could impact the affordability and availability of olive oil. Additionally, monitoring the impact of trade policies on olive oil imports will be essential in predicting future consumption patterns.
