The aquaculture employment sector in Argentina has seen significant fluctuations from 2013 to 2023. The sector experienced dramatic growth, especially between 2013 and 2015, with a peak increase of 196.15% in 2015. However, it faced a downturn in 2019 with a significant drop of 42.51%. The recovery phase began in 2020 with a robust 67.52% growth but saw moderate changes from 2021, with a slight decrease followed by consistent but small incremental growth till 2023. In 2023, the employment stood at 4.03 thousand units, showing a 3.33% year-on-year increase.
Noteworthy Trends:
- A rapid initial growth phase peaking in 2015.
- A marked reduction in 2019 and subsequent recovery thereafter.
- Consistent growth from 2021 to 2023 at a steady pace.
Going forward, the sector is forecast to experience steady growth, projected at an average annual CAGR of 2.38% over the next five years, achieving a total growth rate of 12.5% by 2028. Future trends to watch for include technological advancements in aquaculture practices, policy changes, and economic conditions impacting employment levels.
