Analyzing the export data of frozen fish from Chile, we observe fluctuations from 2013 to 2023. After a significant rise of 23.9% in 2014, the market declined by 21.28% in 2015. Following a steady decline and fluctuations in subsequent years, the market showed reinvigoration from 2017 with considerable growths of 19% and 18.2% in 2017 and 2018 respectively. An evident drop was seen in 2020 at -13.93%, followed by strong recoveries in 2021 with a 24.36% increase. The annual rate settled down to moderate increases of 3.06% and 2.91% in 2022 and 2023 respectively, placing its value at 2.0335 Billion US Dollars in 2023.
From 2024 onwards, consistent growth is projected with the value anticipated to reach 2.3337 Billion US Dollars by 2028, marking an anticipated growth rate of 11.31% over the next five years. The forecast indicates a compound annual growth rate (CAGR) of 2.17% for this period.
Future trends to watch for include the impact of global trade policies, sustainability practices in fishing, and changes in consumer demand affecting international market dynamics. Keeping an eye on technological advancements in the fishing industry will also be crucial.
