The projected import volume of frozen fish fillets to Brazil shows a declining trend from 2024 to 2028, decreasing from 89.522 million kilograms in 2024 to 86.733 million kilograms in 2028. For context, the volume imported in 2023 stood at approximately 90 million kilograms. This represents a gradual year-on-year decline, reflecting a Compound Annual Growth Rate (CAGR) that indicates a consistent reduction in import volumes over the forecast period.
Future trends to watch for include:
- Brazil's domestic production capacity and potential improvements, which may reduce reliance on imports.
- Trade policies and tariffs impacting import levels and costs.
- Changes in consumer preference, potentially affecting demand for imported frozen fish fillets.
- Global fishing industry dynamics, including sustainable practices and supply chain disruptions.