Key Market Indicators
Brazilian fish production is projected to reach approximately 784,000 metric tons by 2028, up from around 690,000 metric tons in 2023. This represents an average annual growth rate of 2%. Since 1974, the country's fish supply has experienced an average annual increase of 3.5%. Fish consumption in Brazil is also on the rise, with forecasts indicating it will hit roughly 250,000 metric tons by 2028. This is up from about 224,000 metric tons in 2023, growing at an average annual rate of 1.8%. Since 2019, the demand for fish in Brazil has increased by 2.5% annually. In 2023, Brazil ranked 26th globally in fish consumption, with Vietnam surpassing it at approximately 224,000 metric tons. Japan, the Philippines, and Thailand took the second, third, and fourth spots, respectively, in this ranking.
