Pelagic fish production in Brazil has exhibited a decline from 2014 to 2023, with a value of 149.61 thousand metric tons in 2023. Over the last two years (2021-2023), the production has shown minor variations, experiencing a 0.68% decrease in 2023 compared to the previous year. The Compound Annual Growth Rate (CAGR) for the past five years stands at -0.79%, indicating a negative trend in production.
Key variations observed:
- 2014: -0.68% year-on-year
- 2015: -11.56% year-on-year
- 2016: 0.79% year-on-year
- 2017: 2.23% year-on-year
- 2018: 0% year-on-year
- 2019: -1.2% year-on-year, -2.08% CAGR
- 2020: -17.58% year-on-year, -3.45% CAGR
- 2021: 13.66% year-on-year, -1.1% CAGR
- 2022: 4.53% year-on-year, -0.66% CAGR
- 2023: -0.68% year-on-year, -0.79% CAGR
Future forecasts from 2024 to 2028 predict a continued decline, with a forecasted 5-year CAGR of -0.56% and an overall forecasted 5-year growth rate of -2.79%.
Future trends to watch for include potential impacts of climate change, regulatory changes concerning fishing quotas, and advancements in fishing technologies that could influence pelagic fish stocks and production capabilities.
