Chile's oilseed production is forecasted to increase from 397.3 thousand metric tons in 2024 to 428.0 thousand metric tons by 2028. This marks a continuation of upward growth from previous years, where production stood at 385.5 thousand metric tons in 2023. The year-on-year variations show a positive trend with an annual increase of approximately 2% to 2.1% from 2024 to 2028.
The compounded annual growth rate (CAGR) from 2024 to 2028 is projected to be around 1.9%, reflecting a steady and sustainable growth trajectory for oilseed production in Chile.
Future trends to watch for include advancements in agricultural technology, changes in global demand, shifts in climate patterns, and policy interventions that could impact production levels. These factors will likely influence the rate of growth and the overall stability of oilseed production in Chile.
