In 2023, corn consumption in Chile stood at 321.0 thousand metric tons. The forecast for the coming years shows a steady increase in consumption, with 2024 projected at 325.0 thousand metric tons and reaching 340.0 thousand metric tons by 2028. This indicates a consistent year-on-year growth with a percentage increase of approximately 1.2% to 1.3% annually.
The variation over the last two years shows a positive trend, reflecting an increase of around 1.2% per year from 2023 to 2024 and maintaining a similar growth rate through to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 averages at approximately 1.2% per year.
Future trends to watch for include potential impacts of climate change on corn production, shifts in dietary preferences towards corn-based products, and economic factors influencing agricultural imports. Monitoring these variables will be crucial for understanding and anticipating future consumption patterns in Chile.
