The demand for freshwater fish in Brazil exhibited notable fluctuations between 2014 and 2023. After starting at 952.45 thousand metric tons in 2014, the demand experienced a decline until 2015, followed by sporadic increases. A significant drop occurred in 2020 due to market disruptions, resulting in a 17.03% year-on-year decrease. Post-2021, the market showed signs of recovery, stabilizing around 937.71 thousand metric tons in 2023, with a marginal decrease of 0.034% year-on-year. The compound annual growth rate (CAGR) over the past five years was approximately -0.1%.
Looking ahead, the forecasted data from 2024 to 2028 suggests a stagnating demand with minor year-on-year variations, anticipating a slight decline at a forecasted 5-year CAGR of -0.02%. Key trends to monitor include environmental changes impacting freshwater supplies, shifts in consumer preferences towards sustainable seafood, and potential policy changes affecting the fishing industry.
