Based on the provided data, Chile’s domestic corn consumption is expected to steadily increase from 3.04 million metric tons in 2024 to 3.14 million metric tons in 2028. The forecast indicates a consistent annual growth rate, reflecting stable demand in the market. In 2023, the actual domestic consumption stood at nearly 3.02 million metric tons, indicating a slight but steady rise over the upcoming years.
The year-on-year variations reflect incremental growth:
- 2024: +0.66%
- 2025: +0.99%
- 2026: +0.65%
- 2027: +0.65%
- 2028: +0.97%
The Compound Annual Growth Rate (CAGR) for the domestic consumption of corn in Chile over the five-year forecast period (2024-2028) is projected to be approximately 0.79% annually.
Future trends to watch for include potential impacts of climate change on corn yield and production, changes in government policies related to agriculture, and shifts in consumer demand patterns possibly influenced by economic factors or changes in dietary preferences.
