In 2023, the demand for groundnuts in Chile stood at 20 Thousand Metric Tons. Based on the forecasted data, groundnuts demand is expected to see incremental growth annually. The demand is projected to rise to 20.49 Thousand Metric Tons in 2024 and continue increasing to reach 21.83 Thousand Metric Tons by 2028. This reflects a continuous and steady increase in demand for groundnuts over the five-year forecasted period.
The year-on-year variation shows a growth of approximately 1.66% from 2024 to 2025, 1.63% from 2025 to 2026, 1.56% from 2026 to 2027, and roughly 1.53% from 2027 to 2028. The compounded annual growth rate (CAGR) over this five-year period is approximately 1.63%.
Future trends to watch for include factors such as changing dietary habits, increasing awareness of the health benefits of groundnuts, and potential shifts in agricultural productivity. Monitoring these trends will be crucial in understanding and anticipating changes in groundnut demand in Chile.
