The import of live ornamental fish to Brazil has shown significant fluctuations over the years. From 2013 to 2019, there was a general upward trend, peaking in 2018 with 22.78 thousand kilograms. Despite a decline in 2020, the market rebounded, reaching 22.81 thousand kilograms in 2021 and further climbing to 24.91 thousand kilograms in 2022. As of 2023, the volume stands at 25.79 thousand kilograms. The Compound Annual Growth Rate (CAGR) over the last five years to 2023 is 2.51%. The forecast from 2024 to 2028 suggests a steady increase, with a forecasted CAGR of 2.6% and a growth rate of 13.68% over this period.
Key Points:
- Steady growth from 2013 to 2019 with fluctuations in subsequent years.
- Significant rebound observed from 2020 onwards.
- Volume stood at 25.79 thousand kilograms in 2023.
- Projected steady growth with a forecasted 5-year CAGR of 2.6%.
Future trends to watch for include the impact of environmental regulations, advancements in breeding technologies, and changing consumer preferences for specific species. Additionally, trade policies and international relations could play a significant role in shaping the future imports of ornamental fish to Brazil.
