Vegetable Oils Market Overview in Chile
In value terms, vegetable oils production skyrocketed to $ in 2019 estimated in export prices. Over the period under review, production, however, saw a modest expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.
The value of the vegetable oils market in Chile shrank to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.