The pelagic fish market in Brazil has shown a variable yet generally upward trend in terms of volume over the past decade. Starting at 132.8 thousand metric tons in 2014, it decreased by 10.04% in 2015 before experiencing a significant rebound with a 48.41% increase in 2016. After stabilizing around 197.76 thousand metric tons from 2017 to 2018, it increased marginally by 2.14% in 2019, but saw a notable decrease of 14.72% in 2020. However, the market quickly recovered with a 17.45% increase in 2021 and a solid 7.9% growth in 2022. As of 2023, the market volume stands at 223.51 thousand metric tons, reflecting a 2.39% year-on-year increase and an average CAGR of 2.48% over the last five years.
Future trends to watch for include the forecasted steady growth at a CAGR of 1.83% leading to a total increase of 9.48% by 2028. Key factors driving this growth may include advancements in fisheries technology, increased demand for seafood, and potential governmental policies aimed at sustainable fishing practices. Expect market dynamics to possibly shift due to environmental concerns and international trade policies impacting supply chains.