The demand for wheat in Chile from 2014 to 2023 shows a clear upward trend. Starting at 2.18 million metric tons in 2014, it experienced fluctuations but climbed steadily to 2.64 million metric tons by 2023. Notable yearly variations include a significant drop of 6.61% in 2015 and a strong recovery of 16.04% in 2016. The last two years show moderate year-on-year variations of 1.12% in 2022 and 1.04% in 2023. The compounded annual growth rate (CAGR) from 2018 to 2023 is 0.79%.
Future trends to watch for:
- The forecasted demand for wheat is set to continue growing, reaching 2.78 million metric tons in 2028.
- The 5-year forecasted CAGR stands at 0.84%, which indicates a steady but modest growth.
- Overall, a projected 4.28% growth over the next five years suggests a stable yet positive outlook for wheat demand in Chile.
