The corn supply in Chile was recorded at 3.18 million metric tons in 2023. Based on forecast data, the supply is expected to continue its gradual increase over the next five years, reaching 3.35 million metric tons by 2028. Specifically, it is projected to grow from 3.22 million metric tons in 2024 to 3.35 million metric tons in 2028.
The year-on-year (YoY) variation in percentage shows a consistent upward trend, reflecting incremental growth each year:
- 2024: +1.26%
- 2025: +1.24%
- 2026: +0.92%
- 2027: +0.91%
- 2028: +0.90%
The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 0.92%, indicating stable but modest growth in corn supply in Chile.
Future Trends to Watch For:
Environmental factors and climate conditions will play a crucial role in corn yield and supply. Monitoring advancements in agricultural technology and changes in trade policies will also be essential for understanding future supply dynamics.
