The forecast for oilseeds import volume in Chile from 2024 to 2028 shows a continuous upward trend. In 2023, the import volume stood at 206.50 thousand metric tons. For 2024, the forecasted import volume is 210.35 thousand metric tons, signaling a 1.86% year-on-year increase from 2023. The trend continues with a value of 214.34 thousand metric tons in 2025, a growth of 1.90% from the previous year. In 2026, the volume increases by 1.83% to 218.25 thousand metric tons. By 2027, it reaches 222.08 thousand metric tons, reflecting an 1.76% increase. Finally, in 2028, the import volume is forecasted to rise by 1.69% to 225.83 thousand metric tons. The cumulative average growth rate (CAGR) from 2024 to 2028 is projected at approximately 1.81%, indicating a steady increase in demand for oilseeds in Chile.
Future trends to watch for:
- Changes in global oilseed prices and supply chain dynamics due to geopolitical issues and climate change.
- Domestic agricultural policies and investments aimed at increasing local production.
- Shifts in consumer preferences towards plant-based products and their impact on import requirements.
- Technological advancements in agricultural practices and their effect on oilseed yield and quality.
