The export volume of frozen shrimps and prawns from Argentina exhibited significant growth from 2013 to 2017, with a Compound Annual Growth Rate (CAGR) ranging from 13.4% to 18.57%. However, growth moderated post-2017, with intermittent fluctuations, including a notable decline in 2020, before recovering strongly in 2021. By 2023, Argentina’s export volume had reached 232.81 million kilograms, indicating a 4.13% year-on-year increase and a 4.79% CAGR over the last five years. Forecasts from 2024 to 2028 predict a more moderate growth trajectory with a CAGR of 2.95%, suggesting a continued but steady expansion in export volumes.
Future trends to watch for:
- Impact of global economic conditions on seafood demand.
- Technological advancements in shrimp farming and processing.
- Regulatory changes in key export markets.
- Environmental concerns and sustainable fishing practices.
