Based on the forecast data, soybean oil production in Chile is projected to increase steadily from 2024 to 2028, starting at 23.2 thousand metric tons in 2024 and reaching 25.4 thousand metric tons by 2028. In 2023, this production stood at 22.8 thousand metric tons. Year-on-year variation shows a consistent growth trajectory: 2.5% in 2024, 2.46% in 2025, 2.31% in 2026, 2.26% in 2027, and 2.13% in 2028. The compound annual growth rate (CAGR) over these five years is approximately 2.33%.

Future trends to watch for:

Potential impact of climate change on soybean yield
Advancements in agricultural technologies and practices
Fluctuations in global soybean oil demand and pricing
Trade policies and economic conditions affecting the agricultural sector in Chile