In 2023, the import volume of demersal fish in Brazil stood at a significant baseline, setting the stage for forecasted declines. From 2024 onwards, the data indicates a continuous downward trend, with a year-on-year average decline of approximately 3% through 2028. This suggests a compounded annual growth rate (CAGR) reflecting a consistent reduction in import volumes over this five-year period. Factors contributing to this trend might include shifting consumer preferences, local production improvements, or changes in import policies.
Future trends to watch for include:
- Impact of sustainability trends on local fishing practices.
- Evolving trade relations and their effects on import tariffs.
- Technological advancements in domestic aquaculture possibly reducing reliance on imports.