In 2023, Argentina's fisheries exports stood at 2.51 Billion US Dollars. Analyzing the year-on-year variation reveals a positive trend albeit with some fluctuations: 9.39% in 2013, followed by significant figures like 25.67% in 2018 and a more modest 1.76% in 2023. Over the past two years, growth has been relatively stable, with an average year-on-year variation of approximately 1.78%. The Compound Annual Growth Rate (CAGR) over the last five years stands at around 0.034%, indicating a rather stagnant growth trajectory. Forecasting up to 2028, the export value is expected to reach 2.72 Billion US Dollars, with a projected 5-year CAGR of 1.28% and a total forecasted growth rate of 6.56%.
Future trends to watch for include the impact of global economic conditions on seafood demand, regulatory changes in key export markets, and the effects of climate change on fish stock availability. Additionally, technological advancements in sustainable fishing practices could significantly influence future growth in Argentina’s fisheries exports.
