The Crustaceans production in Brazil experienced fluctuations over the years. It peaked in 2014 with 127.0 Thousand Metric Tons and showed varying downward and upward trends since then. From 2014 to 2015, the production slightly decreased by 0.21%. A significant decline was noticeable in 2016 with an 8.18% drop. The largest drop occurred in 2020 with a decline of 17.62% due to various market pressures possibly including economic downturn and environmental factors. However, from 2021, there was a recovery trend with a 13.62% increase, continuing into 2022 with a 4.5% rise.
In 2023, the production stood at 112.26 Thousand Metric Tons, reflecting a slight year-on-year decrease of 0.72%. Over the last two years, the CAGR has been -0.75%. Looking ahead, forecast data indicates a gradual decrease with a forecasted 5-year CAGR of -0.6%, leading to an overall 2.95% decline by 2028.
Future trends to watch for include the impact of potential regulatory changes in fishing policies, environmental sustainability practices, and the influence of climate change on marine ecosystems which could significantly affect production volumes. Monitoring these factors will be crucial for predicting future industry stability and growth potential.
