From 2013 to 2023, Chile's fisheries exports showed significant fluctuations, increasing from $4.35 billion to $6.42 billion. Notably, the year-on-year variation saw peaks, such as a 27.18% increase in 2014, but also dips, such as a -5.95% decrease in 2020. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) averaged around 1%, reflecting a modest but stable growth trend.
In 2023, the fisheries export value was $6.42 billion. Looking ahead, the forecasted data from 2024 to 2028 suggest a slight acceleration, with a forecasted 5-year CAGR of 1.48% and an overall growth rate of 7.63%. By 2028, the export value is expected to reach $7.04 billion.
Future trends to watch:
- The impact of global economic conditions on demand for fisheries products.
- Potential effects of climate change on fisheries resources.
- Changes in international trade policies and their effects on export dynamics.
- Innovations in aquaculture and sustainable practices affecting supply.
