The pelagic fish production in Chile reached 1.38 million metric tons in 2023, slightly declining by 1.09% year-on-year. Looking at the last five years, the compound annual growth rate (CAGR) reflects a negative trend of 1.64%. Over the longer term, from 2014 through 2023, the production has shown fluctuations, with notable declines in 2015 and 2016, a significant recovery in 2017, and relative stabilization in the years following.
Forecast data from 2024 to 2028 suggests a continued, albeit gradual, decline in production, with a forecasted 5-year CAGR of -0.93% and total decline of 4.54% by 2028. Key future trends to watch for include potential impacts from climate change on oceanic conditions, regulatory changes in fishing policies, and shifts in global demand for pelagic fish.
