Crustaceans export volume in Argentina has exhibited an overall upward trend from 2014 to 2023. In 2023, the export volume stood at 213.85 thousand metric tons, reflecting a year-on-year increase of 2.79% and a Compound Annual Growth Rate (CAGR) of 2.98% over the last two years. From 2014 through 2019, the crustaceans export volume grew, with occasional fluctuations, averaging a robust year-on-year increase due to strong market demand.
The volume saw a significant decline in 2020 due to global disruptions but rebounded in the following years. The expected CAGR from 2024 to 2028 is projected to be 2.1%, indicating a stable yet moderate growth trajectory.
Future trends to watch for include sustainability practices and regulatory changes in the seafood industry, which could impact production and export dynamics. Technological advancements in aquaculture and improved global trade agreements may offer potential boosts to the export volumes in the coming years. Monitoring global market demand and geopolitical factors will also be crucial for future analyses.
