The demand for crustaceans in Argentina has shown significant growth over the past decade. Starting from 22.55 thousand metric tons in 2014, it exhibited dramatic fluctuations, marked by a peak in 2017. Solid growth ensued from 2021 onwards, reaching 76.83 thousand metric tons in 2023, reflecting a 4.39% year-on-year increase. Over the last five years, the compound annual growth rate (CAGR) stands at 4.12%. Future projections indicate a continuous upward trend, with an expected CAGR of 3.13% over the next five years, resulting in a forecasted value of 93.48 thousand metric tons by 2028.

Future trends to watch for include:

Potential impacts of sustainability initiatives on crustacean supply chains.
Influence of global market demand on local consumption patterns.
Evolving consumer preferences for seafood driven by health and environmental considerations.