Forecast: Share of Aquaculture in Chile

The share of aquaculture in Chile's national fish production has witnessed consistent growth from 81.63% in 2013 to 94.79% in 2023, marking an overall positive trend in the sector. The year-on-year variations have indicated sporadic fluctuations, ranging from -2.15% in 2017 to a high of 5.81% in 2018. Cumulatively, the 2023 share stood at 94.79%. In the last five years, the CAGR reflects a steady, albeit modest, growth rate of 0.83%. The future forecast up to 2028 predicts a continued rise, albeit at a slightly tempered 5-year CAGR of 0.72%, achieving a projected share of 99.23%.

Looking ahead, key trends to watch include:

  • Innovation in sustainable aquaculture practices to support growth against environmental concerns.
  • Enhanced regulatory frameworks impacting the pace and scope of aquaculture expansion.
  • Global market demand fluctuations influencing export volumes and pricing strategies.

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