Key Market Indicators
Brazil's fish production is projected to reach approximately 784,000 metric tons by 2028, climbing from around 690,000 metric tons in 2023. This marks a 2% compound annual growth rate (CAGR). Since 1974, the nation's fish supply has experienced a consistent annual increase of 3.5%. In the global rankings for 2023, Brazil holds the 14th position, with Myanmar slightly ahead, also producing around 690,000 metric tons. Leading the rankings are Indonesia, India, and Bangladesh, occupying the second, third, and fourth spots, respectively. On the consumption front, Brazilian fish consumption is expected to rise to approximately 250,000 metric tons by 2028, up from about 224,000 metric tons in 2023. This represents a CAGR of 1.8%. Since 2019, the country's fish demand has grown by an annual rate of 2.5%.
