An analysis of crustacean import data into Brazil indicates significant fluctuations over the past decade. A sharp decline was observed from 2013 to 2017, followed by a substantial increase from 2018 onwards. Imports peaked at approximately USD 2,159.9 thousand in 2018 and exhibited a steady upward trajectory up to 2023, where imports stood at USD 2,120.8 thousand. Variations from 2021 to 2023 show moderate growth with a year-on-year increase of 4.67% in 2023. The Compound Annual Growth Rate (CAGR) is 3.3% projected from 2023 to 2028, reflecting a steady increase in import values towards 2028.
Future trends to watch for include the global supply chain's impact on import costs, potential changes in Brazilian import regulations, and fluctuations in domestic demand driven by market and economic conditions.
