The coconuts and copra market in Chile showed a consistent volume of 2.0 Thousand Metric Tons from 2014 to 2017. In 2018, there was a significant year-on-year increase of 50%, bringing the volume to 3.0 Thousand Metric Tons. The market remained stable at this volume until 2019. However, a slight decline of 5% was observed in 2020. By 2021, the market recovered, returning to 3.0 Thousand Metric Tons and maintained this volume through 2023.
Based on the forecasted data, the market is expected to grow steadily from 3.1 Thousand Metric Tons in 2024 to 3.35 Thousand Metric Tons by 2028. This represents a forecasted CAGR of 1.6% and an overall growth rate of 8.25% over the next five years.
Key future trends to watch for include potential impacts of global supply chain changes, climate conditions affecting coconut production, and shifts in consumer demand towards natural and plant-based products.
