The forecast for salted or in brine cod imports to Brazil indicates a declining trend from 2024 to 2028. In 2023, the value stood at 64.5 million USD. Starting at 61.346 million USD in 2024, imports are expected to decrease annually, reaching 50.7 million USD by 2028. This demonstrates a consistent reduction in import value, with the yearly decline ranging from approximately 4% to 5%. The five-year compound annual growth rate (CAGR) reflects a negative trend, indicative of potential changes in demand or supply chain dynamics.
Future trends to watch for include:
- Changes in local fish consumption patterns.
- Fluctuations in global cod supply affecting availability and prices.
- Impact of trade policies or agreements on import costs.
- Environmental factors influencing cod fishing yields and sustainability.
