Between 2013 and 2023, Chile's aquaculture production of marine and partly-marine species showed notable fluctuations. The industry experienced growth spurts and contractions, with a particularly strong growth period observed from 2017 to 2020. Throughout this time, the annual production volume reached 1.48 million metric tons in 2023, reflecting a 2.72% increase from the previous year.
Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) was 2.89%, indicating a moderate and steady increase in production. Notably, the year-on-year variations highlight the sector’s resilience, with a blend of significant growth periods in 2017 and 2020 and minor contractions in other years.
Looking forward, the forecast data from 2024 to 2028 suggest ongoing growth, albeit at a more modest pace. The predicted CAGR for this period is 1.92%, signaling a 9.99% total growth over five years. This slower increment compared to the historical average points towards a more stabilized production expansion.
Future trends to watch for include:
- Technological advancements in aquaculture practices.
- Market demand fluctuations driven by global seafood consumption trends.
- Environmental regulations impacting operational scalability and sustainability.
- Potential impacts of climate change on marine and partly-marine species.
