Between 2013 and 2023, the volume of fish oil exports from Chile has exhibited notable fluctuations. After peaking in 2014 with a substantial year-on-year increase of 27.03%, the exports have seen several periods of decline and recovery. The most significant drop occurred in 2016 with a decrease of 13.64%. However, from 2018 onwards, the trend showcased a general upward trajectory culminating in 2023 with a figure of 104.94 million kilograms, reflecting a year-on-year increase of 3.31%. Analyzing the CAGR over the last five years indicates an average annual growth of 3.17%. Projections from 2024 onwards suggest a steady growth, with a forecasted CAGR of 2.45% leading to an estimated 122.23 million kilograms by 2028.
Future trends to watch for:
- Potential impacts of environmental regulations and sustainability initiatives on production.
- Shifts in global demand for fish oils, particularly in Europe and Asia.
- Technological advancements in aquaculture that may influence yield and quality.
- Trade policies and international relations affecting export logistics and tariffs.
