Production volumes of fishing and aquaculture in Chile have displayed significant fluctuation from 2013 to 2023, starting at 2.5343 trillion Chilean pesos in 2013 and reaching 3.0958 trillion Chilean pesos in 2023. The data reveal notable year-on-year variations, including peaks and troughs in growth rates. For instance, there was a -16.05% dip in 2020 followed by a 15.73% increase in 2021. The compound annual growth rate (CAGR) over the last five years from 2018 to 2023 was 0.75%. The forecast projects a steady yet modest growth towards 2028, with a 5-year CAGR of 0.85% leading to a total growth of 4.3%.
Future trends to monitor include technological advancements in sustainable fishing and aquaculture practices, regulatory changes, and potential fluctuations in global seafood demand that could impact Chile's export-driven industry. Additionally, climate change impacts on marine ecosystems could pose challenges or opportunities for future production volumes.
