The data indicates that Chile's fish meal supply in 2024 is forecasted to be 406.0 thousand metric tons, with a steady year-on-year increase projected through 2028, where it is expected to reach 425.0 thousand metric tons. This represents a consistent positive growth trend, with slight variations year-on-year. Specifically, the year-on-year growth rates are approximately 1.2% from 2024 to 2025, 1.0% from 2025 to 2026, 1.2% from 2026 to 2027, and 1.2% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) is estimated to be around 1.1%, indicating a stable upward trend in fish meal supply.
Future trends to watch for include potential shifts in global demand for fish meal driven by changes in aquaculture practices, technological advancements in fish farming, and environmental regulations. Additionally, environmental factors such as climate change and overfishing may impact fish populations and subsequently affect fish meal production levels.
