From 2014 to 2023, the demand for coconuts and copra in Chile exhibited moderate growth. The consumption remained steady at 2.0 Thousand Metric Tons from 2014 to 2017. A significant increase was observed in 2018, with the demand rising by 50% to 3.0 Thousand Metric Tons, and stabilizing around this value with minor fluctuations. Specifically, the year-on-year variation for 2023 was 0%, and the Compound Annual Growth Rate (CAGR) for the five-year period leading up to 2023 stood at approximately 0%.
In the forecasted period from 2024 to 2028, a steady increase is anticipated. The demand is projected to grow from 3.1 to 3.35 Thousand Metric Tons. This represents a forecasted five-year CAGR of 1.6% and an overall growth rate of 8.25% over the period.
Future trends to watch for include potential shifts in consumer preferences towards coconut-derived products and any fluctuations in production that might affect supply and pricing dynamics in the Chilean market.
