The export value of frozen fish from Argentina stood at 226.51 million USD in 2023. Over the past decade, the market witnessed significant fluctuations, with notable drops in 2017 and 2020. However, post-2020, the market showed signs of recovery with a 0.21% increase in 2023. Year-on-year variations in the last two years were relatively stable, marking a 0.22% increase in 2022 and a 0.21% increase in 2023. The compound annual growth rate (CAGR) over the last five years was modest at 0.75%.
Future trends to watch for include:
- Stabilization: Forecasts suggest marginal annual growth with a 0.17% forecast CAGR through 2028.
- Market Dynamics: Global market shifts, environmental policies, and technological advancements in fishing and production.
- Regulations & Sustainability: Adapting to international marine regulations and increased focus on sustainable fishing practices.
- Currency Fluctuations: Impact of currency exchange rates on export profitability.
