The aquaculture production of marine and partly-marine species in Argentina peaked at 1.55 thousand metric tons in 2015, followed by a general decline, hitting a low of 0.96 thousand metric tons in 2020. Although there has been a recovery since then, reaching 1.2 thousand metric tons in 2023, recent data suggest a stabilizing trend with only minor fluctuations forecasted through 2028.
- The year-on-year growth for 2023 stood at 4.35%, indicating a moderate recovery.
- Over the last 5 years, the compound annual growth rate (CAGR) was 4.13%, suggesting an overall positive trend despite previous volatility.
- Future forecasts predict a slight decline with a five-year CAGR of -0.51%, leading to an expected decrease in production to 1.16 thousand metric tons by 2028.
Future trends to watch for include the potential impact of technological advancements in aquaculture practices, government policies, and climate change on production levels. These factors could significantly influence the direction of the industry beyond the current forecast period.
