Fisheries production volume in Brazil stood at 1.435 million metric tons in 2023. Over the last two years, the year-on-year variation was 0.78% in 2022 and 0.92% in 2023, indicating a modest growth in production volume. The compound annual growth rate (CAGR) over the last five years was 2%, reflecting a steady increase in fisheries production.
Going forward, a forecasted CAGR of 0.69% from 2024 to 2028 suggests a slower growth pace. However, the total increase over this period is projected to reach 3.49%, underpinning a positive yet more cautious growth outlook.
Future trends to watch for include:
- Technological advancements and sustainable fishing practices.
- Government policies and international regulations impacting fisheries.
- Environmental factors and climate change effects on marine life.
- Global market demands and economic conditions influencing supply and prices.
