The forecasted data indicates a steady increase in the distribution of soybean oil in Chile from 2024 to 2028, growing from 197.0 thousand metric tons in 2024 to 207.0 thousand metric tons in 2028. In 2023, the actual distribution stood at 195.0 thousand metric tons.
The year-on-year variation between 2023 and 2024 is approximately 1.03%, followed by a 1.02% increase in 2025, 1.51% in 2026, 0.99% in 2027, and 1.47% in 2028. The Compound Annual Growth Rate (CAGR) over the last five years stands at around 1.34%, demonstrating a consistent upward trend.
Future trends to watch for:
- Changes in consumer preferences towards healthier oil options
- Potential impacts of regulatory changes or trade policies
- Technological advancements in production and distribution
- Environmental factors influencing crop yields
