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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Chile Corn Market Outlook
The Chile corn market size is projected to expand at a CAGR of 2.60% between 2024 and 2032.
Key Takeaways
- In the year 2023, Chile's total corn consumption amounted to 3020 MT.
- The Chilean government has been engaged in the practice of guaranteeing a minimum price for corn crops to farmers previously, in order to safeguard their interests amidst price fluctuations.
- Farmers and agribusinesses are investing in technology and machinery to improve crop yield, reduce labour, and improve water management in agriculture, consequently driving up the Chile corn market share.
The surge in demand for animal feed, the rise in consumption of agricultural commodities, and the increasing recognition of the health advantages of consuming corn are the major factors contributing to the corn market growth in Chile. The incorporation of corn into traditional recipes plays a significant role in expanding the market demand. One such traditional Chilean dish is Pastel de Choclo, a popular choice for family gatherings and special events, which features a blend of raisins, onions, and olives topped with a smooth sweet corn puree.
As per the Chile corn market analysis, in the year 2022, Chile recorded a total export value of $70.9M for corn, positioning itself as the 34th leading exporter of this commodity globally. Simultaneously, corn stood as the 87th most exported product in Chile during that period. The primary countries that received corn exports from Chile were the United States, France, Germany, Mexico, and South Africa.
Furthermore, agricultural producers and agribusiness entities are dedicating substantial resources to integrate state-of-the-art technology and equipment to boost crop yield and enhance water management practices in the farming sector. The increasing adoption of precision agricultural equipment is likely to influence the prospects of the market in the coming years. In addition to improving efficiency and productivity, these technological advancements also have the potential to address environmental concerns in the agricultural sector.
Market Segmentation
Chile Corn Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Organic
- Conventional
Market Breakup by Application
- Food and Beverages
- Animal Feed
- Ethanol Production
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 2.60% between 2024 and 2032.
The main drivers behind the growth of the corn market in Chile include increased government backing for the agricultural industry, the rise in corn exports, and a growing recognition of the health advantages associated with corn.
The significant market trends include the rising demand for corn as animal feed and the growing utilisation of precision machinery in crop production.
The major products in the market are organic and conventional.
The major applications of corn are food and beverages, animal feed, and ethanol production, among others.
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