The oilseeds feed market in Chile showed considerable fluctuations from 2014 to 2023. In 2017, the market peaked at 29 thousand metric tons, but significant decreases followed, such as in 2018 when a 58.62% decline occurred. However, since 2019, a period of stabilization and moderate growth ensued. By 2023, the market stood at 20 thousand metric tons, with a year-on-year increase of 5.26% and a 5-year CAGR of 10.76%.
Future trends to watch for:
- Considerable year-on-year growth is expected to continue, indicating a stable market environment.
- The forecast 5-year CAGR from 2024 to 2028 is projected at 1.84%, suggesting a transition to slower, but steady growth.
- Technological advancements and changes in dietary requirements for livestock could influence market dynamics.
