The seafood exports from the US to Argentina have shown considerable fluctuations over the years. In 2023, the export value stood at $222.89 thousand. From 2013 to 2017, there were significant spikes and drops, indicating a volatile market. The period from 2017 to 2022 showed some stabilization with moderate growth.
Recent trends indicate a transition towards steadier growth. The year-on-year variation for 2022 was 8.71%, and for 2023, it was 3.11%. The CAGR for the past five years was 6.37%. Looking ahead, the forecasted 5-year CAGR for 2028 is 2.32%, translating to a forecasted 12.13% growth rate over the next five years.
Future trends to watch for include:
- Impact of global economic conditions on trade.
- Potential regulatory changes in both the US and Argentina.
- Shifts in consumer preferences towards sustainable seafood.
