The Rice market in Chile showed a gradual increase from 2014 to 2018, with slight year-on-year variations in percentage. The market size in 2019 stabilized, but 2020 saw a significant dip in volume. Post-2020, the market rebounded with a notable increase in 2021. By 2023, the market size volume stood at 254 Thousand Metric Tons, reflecting minimal growth of 0.4% year-on-year. The compound annual growth rate (CAGR) over the last 5 years was moderate at 0.32%.
Future trends to watch for include continued moderate growth, with a forecasted 5-year CAGR of 0.36% leading to a 2028 market size of 260 Thousand Metric Tons. Potential influences include changes in agricultural policies, climatic conditions affecting crop yields, and shifts in domestic consumption patterns.
