In 2024, Brazil's forecasted frozen scallop imports stand at $4.108 million USD, demonstrating a recovery from the previous year's figures. By 2025, the value is expected to rise to $4.5437 million USD, marking a year-on-year increase of approximately 10.61%. This trend is anticipated to continue steadily with a year-on-year increase to $4.975 million USD in 2026 (up 9.48%), reaching $5.402 million USD in 2027 (up 8.59%), and further rising to $5.8247 million USD in 2028 (up 7.82%). This reflects a compounded annual growth rate (CAGR) of about 8.7% from 2024 onwards.
Future trends to watch for include:
- Fluctuations in global scallop supply chains impacting import volumes.
- Domestic demand changes influenced by economic conditions and dietary trends.
- Potential shifts in tariff policies affecting international trade with Brazil.
