The demand for freshwater fish in Argentina has shown considerable fluctuation over the past decade. In 2023, the demand stood at 14.95 thousand metric tons, indicating a year-on-year growth of 1.84%. The demand illustrated notable peaks and troughs, with a significant decline in 2016 by 13.93% and a robust recovery by 16.64% in 2021. The average annual growth rate (CAGR) over the last five years (2019-2023) was approximately 2%. Looking ahead, forecasts from 2024 onward show a consistent upward trend, with a forecasted 5-year CAGR of 1.41%, and an overall growth rate of 7.26% by 2028.
Future trends to watch for include:
- An ongoing steady increase in freshwater fish demand, reflecting growing consumer preference for healthier protein sources.
- Potential impacts from environmental policies and sustainable fishing practices aimed at preserving aquatic ecosystems.
- Emerging technological advancements in aquaculture to boost local production capacities and meet rising demands.