Key Market Indicators
**Chilean Fish Production to Surge by 2028** Chilean fish production is poised for significant growth, reaching approximately 1.88 million metric tons by 2028. This marks an increase from the 1.59 million metric tons projected for 2023, reflecting a compound annual growth rate (CAGR) of 2.7%. Historical data indicates that since 1965, Chilean fish supply has expanded at an average annual rate of 4.3%. **Steady Rise in Fish Consumption** On the consumption front, Chile is expected to see a modest increase. Fish consumption is projected to grow to around 93,000 metric tons by 2028, up from 90,000 metric tons in 2023. This represents a CAGR of 0.6%. Since 2019, Chilean fish demand has grown at an annual rate of 0.5%. **Global Comparison and Ranking** In 2023, Chile ranked 42nd in global fish consumption, with the United Arab Emirates just ahead at 90,000 metric tons. Leading the pack, Japan, the Philippines, and Thailand secured the second, third, and fourth spots respectively in the global ranking.
