In 2023, Brazil had approximately 32,000 fishing vessels. The forecast predicts a steady increase in the number of fishing vessels from 2024 to 2028, reaching 42,880 units by the end of the period. The expected year-on-year growth rates suggest a healthy expansion of the fishing industry, with an average annual increase of around 5% over the five years (CAGR). This growth reflects Brazil's developing fisheries sector and increased demand for marine resources.
Future trends to watch for include:
- Potential technological advancements in fishing vessels that may affect fleet efficiency.
- Environmental regulations that could impact fleet expansion.
- Economic factors influencing investment in new vessels.
- Fluctuations in global seafood demand affecting the industry.
