Key Market Indicators
Chilean fish production is projected to hit approximately 1.88 million metric tons by 2028, up from around 1.59 million metric tons in 2023. This growth reflects an average annual increase of 2.7%. Historically, since 1965, Chile's fish supply has expanded by an average of 4.3% per year. In 2023, Chile ranked ninth globally in fish production. Egypt surpassed Chile with a production of around 1.59 million metric tons. Other leading countries in this sector include Indonesia, India, and Bangladesh, which secured the second, third, and fourth positions, respectively. On the consumption front, Chilean fish consumption is expected to reach approximately 93,000 metric tons by 2028, rising from about 90,000 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 0.6%. Since 2019, the country's fish demand has increased by an average of 0.5% annually.
