Brazil’s demersal fish production showed a declining trend from 2014 to 2023, with a notable dip, particularly during 2019 (-1.12%) and 2020 (-17.74%). The production stood at 221.62 thousand metric tons in 2023, reflecting a slight year-on-year decrease of 0.87%. A long-term analysis reveals a 5-year CAGR of -0.93%, indicating a gradual overall reduction.
Key variations include a sharp decline of 10.19% in 2015, a slight recovery in 2016 (0.97%), and significant fluctuation in 2020 (-17.74%). Subsequently, the production partially rebounded in 2021 (13.45%). The forecast suggests the production will continue to decline slightly, with a projected 5-year CAGR of -0.73% and an overall growth rate of -3.59% by 2028.
Future trends to watch for include potential impacts of fishing regulations, climate change on marine ecosystems, and market demand for sustainable fishery practices.
