From 2014 to 2023, the crustaceans market size volume in Argentina has shown significant volatility. Initial years witnessed sharp fluctuations with a notable dip in 2016 followed by a steep rise in 2017. The volume stood at 76.83 thousand metric tons in 2023. Variations over the past two years indicate steady growth with a year-on-year increase of 4.39% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged 4.12%.
Forecasted data from 2024 to 2028 suggest continued growth, with a projected CAGR of 3.13% and an overall forecasted five-year growth rate of 16.67%. Future trends to watch for include potential impacts of climate change on marine life, advancements in sustainable aquaculture practices, and changing dietary preferences influencing market demand.
