The forecast for frozen mackerel imports to Brazil indicates a steady decline from 2024 to 2028. The value is projected to drop from 2.5763 million USD in 2024 to 1.2494 million USD in 2028. This translates to an annual average decrease of approximately 18% year-on-year. By contrast, in 2023, the value was 3.0 million USD, demonstrating a significant downward trend over the forecasted period. The compounded annual growth rate (CAGR) for the five-year period reflects a negative trend, highlighting shrinking import values.
Future trends to watch for include potential impacts from global supply chain shifts, climate change affecting marine biodiversity, and evolving trade policies that may further influence the volume and value of frozen mackerel imports to Brazil. Additionally, changes in consumer preferences towards local fisheries or alternative seafood options could further impact demand.
