In 2023, Brazil's import of salted or in brine cod stood at approximately $97.55 million. From 2024 onwards, the forecasted data shows a steady year-on-year increase, with values reaching $102.66 million in 2024 and $121.39 million by 2028. The year-on-year growth rates demonstrate an average increase of nearly 4% annually, reflecting a consistent demand for this commodity. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be around 4.3%, indicating stable and moderate growth in Brazil's import market for salted or in brine cod.
Future trends to watch for include potential shifts in consumer preferences towards alternative protein sources, which could impact the demand for salted cod. Additionally, economic factors such as currency fluctuations and trade policies may influence pricing and import volumes. Monitoring environmental sustainability practices in cod fisheries may also become increasingly relevant to Brazilian importers and consumers.
