Forecast: Import of Cocoa and Cocoa Preparations to Chile

The import of cocoa and cocoa preparations to Chile has shown various fluctuations between 2013 and 2023. The value stood at 160.03 million USD in 2023. Over the last two years, the year-on-year variation percentages were 2.51% in 2022 and 2.4% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 1.79%, indicating a modest but steady increase.

Noteworthy values include the substantial growth of 15.36% in 2018 followed by inconsistent trends until 2023 with various minor declines and slight increases. The forecast for the coming years projects a steady increase, with a 5-year CAGR of 1.82% and an overall growth rate of 9.44% by 2028.

Trends to watch for:

  • Global cocoa market prices which could impact import costs.
  • Changes in consumer preferences towards healthier or more sustainable cocoa products.
  • Economic conditions in Chile impacting purchasing power and import capacity.

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