The pelagic fish export volume in Brazil has shown significant growth from 16.36 thousand metric tons in 2014 to a substantial 70.3 thousand metric tons in 2023. Despite experiencing some fluctuations, the general trend has been upward. Notable growth was observed in 2015 and 2016 with year-on-year increases of 98.41% and 80.84%, respectively. The period between 2018 and 2023 saw steadier growth, culminating in a 4.21% rise to 70.3 thousand metric tons in 2023. The Compound Annual Growth Rate (CAGR) over the last five years comes to 5.18%.
Looking ahead to the forecast years, the pelagic fish export volume is expected to continue its upward trajectory, reaching 84.97 thousand metric tons by 2028. The forecasted CAGR for the next five years is 3.03%, indicating a more moderate growth rate compared to the recent past. This still represents a strong 16.09% cumulative growth over this forecast period.
Future trends to watch for include:
- Climate change impacts on marine life, potentially affecting fish supply.
- Evolving trade policies and international demand dynamics.
- Technological advancements in fishing and preservation techniques.
- Shifts toward sustainable fishing practices and their impact on export volumes.
