The production of fishing and aquaculture in Chile has shown volatility over the past decade. In 2023, the value stood at 3.9164 trillion Chilean Pesos, marking a modest increase of 2.59% from 2022. Analyzing the year-on-year variations indicates significant fluctuations, with sharp increases seen in years such as 2014 and 2017, and noticeable declines in 2015 and 2020. The CAGR over the last five years (2019-2023) averaged 2.58%, indicating steady albeit modest growth.
The forecasted values from 2024 onwards suggest a continuation of this growth trend, with the production value expected to reach 4.422 trillion Chilean Pesos by 2028. The forecasted 5-year CAGR is 1.97%, which predicts a cumulative growth rate of 10.22% over the period.
Future trends to watch for in Chile’s fishing and aquaculture industry include potential regulatory changes, advancements in aquaculture technology, and environmental impacts affecting marine productivity. Additionally, market demands and international trade policies could significantly influence production levels.
