Based on the provided forecast data, Chile's soybean supply is expected to increase steadily from 100 thousand metric tons in 2024 to 106 thousand metric tons by 2028. Comparing these values to the previous years' actual figures shows a consistent upward trend.
Year-on-year percentage variations reveal modest growth: - 2025: A 1% increase from 2024 - 2026: A nearly 2% increase from 2025 - 2027: Approximately a 1% increase from 2026 - 2028: A 2% increase from 2027
The CAGR from 2024 to 2028 is about 1.48%, indicating moderate yet steady growth.
Future trends to watch for:
- Technological advancements in agriculture that could further boost crop yields.
- Global market demand fluctuations and their impact on supply dynamics.
- Climate changes affecting crop production and altering supply predictions.
