The demersal fish feed market in Chile saw significant fluctuations over the past decade. After a sharp decline from 2014 to 2016, the market rebounded steeply in 2017 and maintained a steady growth trajectory from 2018 onwards.
In 2023, the market stood at 64.16 thousand metric tons, with a year-on-year change of 2.04%. This indicates a period of stabilization following the volatility of earlier years. The compounded annual growth rate (CAGR) over the last five years (2018-2023) was 1.05%, reflective of modest but consistent growth.
Variations observed during key years:
- 2014: Set the initial high at 48.12 thousand metric tons.
- 2015: Experienced a significant decline (-45.59%).
- 2016: Continued to decline by 22.77%.
- 2017: Marked a dramatic rebound with a 201.19% increase.
- 2019: Slight dip (-3.32%) following a stable period.
- 2022: Slowed growth with a year-on-year increase of 2.11%.
Future trends to watch for include the anticipated steady growth in the next half-decade, with an expected CAGR of 1.42% and a cumulative growth rate of 7.29% by 2028. This outlook suggests continued resilience and gradual expansion of the market.
