The demand for demersal fish in Brazil stood at 481.93 thousand metric tons in 2023. Forecasts show a declining trend in demand from 2024 onwards. Specifically, there is an anticipated decrease of approximately 2% year-on-year, resulting in a demand of 471.57 thousand metric tons in 2024. This trend continues with slight declines each year, forecasting 462.24 thousand metric tons in 2025, 453.1 thousand metric tons in 2026, 444.14 thousand metric tons in 2027, and 435.36 thousand metric tons in 2028. The compound annual growth rate (CAGR) over this period indicates an average annual decrease of about 2.5%.
Future trends to watch for include potential impacts from environmental regulations, changes in consumer preferences towards sustainable seafood, and volatility in global fishing practices that might affect supply and demand dynamically. Additionally, economic factors and purchasing power in Brazil could influence these forecasts, necessitating continuous market monitoring and adaptive strategies.
