Between 2014 and 2023, the demand for pelagic fish in Brazil showed fluctuations. Significant declines were observed in 2015 (-18.8%) and 2020 (-16.71%). Contrarily, notable increases occurred in 2017 (12.48%) and 2021 (14.85%). Despite these fluctuations, the demand gradually stabilized, with a minimal increase of 0.33% in 2023, reaching a volume of 249.35 thousand metric tons. The compound annual growth rate (CAGR) over the last five years was approximately 0.099%. Forecasts for 2024-2028 suggest a steady uptick at a 5-year CAGR of 0.28%, with an overall growth rate of 1.4%.
Future trends to watch for include potential impacts from climate change, policy changes on fishing quotas, and shifts in consumer preferences towards sustainable seafood. Economic conditions and technological advancements in fishing, processing, and distribution might also influence pelagic fish demand. Monitoring these factors will be crucial for predicting and understanding market dynamics.
