From 2013 to 2023, the import of crustaceans to Chile has demonstrated varying trends with periods of growth and decline. The value stood at 38.584 million US dollars in 2023. After significant growth rates of 25.13% in 2013 and 24.42% in 2014, the market saw fluctuations with a notable drop of 11.33% in 2018 and 12.27% in 2020. It recovered by 18.28% in 2021 and has since maintained positive momentum with an 8.59% rise in 2022 and a smaller increase of 3.01% in 2023. The 5-year CAGR leading up to 2023 is 3.55%.
Looking forward, the import values are forecasted to climb steadily, reaching 44.36 million US dollars by 2028. This reflects a forecasted 5-year CAGR of 2.25%, implying moderate growth. The overall 5-year growth rate from 2023 to 2028 is anticipated to be 11.76%.
Future trends to watch include:
- Changes in international trade policies and tariffs that could impact import volumes.
- Fluctuations in global crustacean supply and demand dynamics, potentially influenced by environmental changes.
- Economic conditions in Chile that may affect consumer purchasing power and demand for imported crustaceans.
