The pelagic fish market in Argentina experienced significant fluctuations from 2014 to 2023. It saw a notable peak in 2015 followed by a sharp decline in 2016. Between 2017 and 2019, the market remained relatively stable with gradual growth, only to face another decrease in 2020. Recovery was noted from 2021 onwards, culminating in a volume of 67.42 thousand metric tons in 2023. The year-on-year variation in 2023 was 1.84%, with an average CAGR of 2.19% over the last five years.
Future projections indicate a steady increase in market volume, with a forecasted CAGR of 1.44% over the next five years, leading to a market size of 73.6 thousand metric tons by 2028, representing a growth rate of 7.4% over this period.
Future trends to watch for:
- Impact of climate change on fish populations and their migration patterns.
- Changes in governmental fishing regulations and sustainability initiatives.
- Technological advancements in fishing and processing techniques.
- Global market conditions and their effects on export and import dynamics.
- Consumer preferences towards sustainably sourced seafood.
