The production of cottonseed oil in Chile has seen significant fluctuations over the past decade, peaking at 1.1 thousand metric tons in 2013 and declining gradually to 0.698 thousand metric tons in 2023. The YoY variations have been inconsistent, with notable declines in 2014 and 2015, followed by mixed results. The five-year CAGR from 2018 to 2023 stands at -2.69%. Looking forward, the forecast suggests a decline in production with a five-year CAGR forecast of -1.61% through 2028, indicating a gradual reduction to 0.6303 thousand metric tons.
Future trends to watch for include:
- Potential shifts in agricultural policies or climate conditions that could influence production.- Technological advancements in oil extraction.- Economic factors impacting the cultivation of cotton and production profitability.- Import-export policies that might affect local manufacturers and their competitiveness in the global market.
