The Value Added of Fishing and Aquaculture in Chile showed considerable year-to-year fluctuations from 2013 to 2023. Early in the period, there were significant increases, such as the nearly 59% rise in 2014, followed by pronounced declines like the 40% drop in 2015. Despite these variations, recent years indicate a trend of increasing stability and growth, as seen in 2021's 18.75% rise and a more conservative 3.35% increase in 2023. The CAGR over the last five years is 4.02%, showcasing a consistent upward trajectory. Looking ahead, the sector is forecasted to grow at a 2.48% CAGR from 2024 to 2028, indicating steady but moderate growth.
Future trends to watch for include:
- Technological advancements in sustainable fishing practices.
- Government regulations impacting fishing quotas and aquaculture permits.
- Global market dynamics affecting export demand and prices.
- Impact of climate change on marine ecosystems and species availability.
