Brazil's fish liver oil import volume is forecasted to decline steadily from 62.0 metric tons in 2024 to 39.0 metric tons by 2028. This represents a year-on-year decrease, notably a 10% reduction each year starting from 2025. In 2023, the import volume stood at an all-time high, laying a stark contrast to the downward trend projected through 2028. The compound annual growth rate (CAGR) for this period indicates a consistent drop, averaging an approximate 10% yearly decline.
Future trends to watch for include potential shifts in global supply chains, changes in Brazil's domestic demand for fish liver oil, and any regulatory impacts that could influence import dynamics. Additionally, advancements in alternative sources or substitutes and their market reception might affect these imports.
