The pelagic fish market in Chile exhibited various trends over the reporting period. From 2014 to 2023, volumes fluctuated, with a significant drop in 2016 and 2020, but showing resilience with recovery years like 2017 and 2021. By 2023, the market achieved a volume of 90.4 thousand metric tons, reflecting a year-on-year growth of 0.68%. The CAGR over the last five years stood at 0.46%, indicating moderate but steady growth.
Future trends to watch for include:
- Potential volatility due to environmental changes and regulatory impacts.
- Innovation in sustainable fishing practices.
- Market adaptation to global demand fluctuations.
