The aquaculture production of marine and partly-marine species in Brazil experienced significant fluctuations from 2013 to 2023. In 2023, production stood at 82.0 thousand metric tons. The sector saw declines from 2016 to 2018 but rebounded from 2019 onwards, though at a slower pace with modest year-on-year growth rates: 0.75% in 2021, 0.65% in 2022, and 0.59% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 5.46%.
Future projections from 2024 to 2028 suggest a continued but slow growth trajectory with an annual average growth rate of 0.31%. Factors to watch for include:
- Technological advancements in aquaculture methods.
- Changes in government policies and regulations.
- Global market demand and environmental impacts.
- Investments in sustainable aquaculture practices.
