The volume of crustacean exports from Chile stood at 27.39 thousand metric tons in 2023. Over the past decade, the export volume has shown variability with significant drops in 2015 and 2020 due to various reasons such as market disruptions and regulatory changes. The year-on-year increase of 0.33% in 2023 reflects stable growth after a recovery from the 2020 low. The Compound Annual Growth Rate (CAGR) over the past five years is 0.29%, indicating mild but consistent growth. Looking forward, the forecasts predict a steady rise, with a 0.26% CAGR and a 1.29% growth rate over the next five years.
Future trends to watch for include:
- Changes in global demand for crustaceans driven by shifts in consumer preferences and economic conditions.
- Impact of climate change and environmental policies on marine ecosystems and farming practices.
- Technological advancements in aquaculture that could improve yield and sustainability.
- Trade policies and international agreements that may affect export dynamics and market access.