The sugar beet processing industry in Chile has experienced fluctuating trends over the past decade. In 2023, the industry stood at 1.75 million metric tons. The year-on-year variation for 2023 shows a slight decline of 0.17%, with a CAGR of -0.36% over the last five years. Notably, the earlier years saw considerable volatility, such as a 14.28% decrease in 2016 followed by a 20.31% increase in 2017. The forecast for the coming years points toward a marginal decline, with a forecasted CAGR of -0.16% over the next five years, translating to an overall reduction of 0.8% by 2028.

Future trends to watch include:

Technological advancements in agricultural practices that could improve crop yields.
Global sugar market fluctuations impacting local production incentives.
Environmental regulations that may affect agricultural output and processing capabilities.
Potential shifts in local and international demand for sugar-based products.