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Brazil - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

Brazil - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights

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Jun 28, 2024

Brazil's Frozen Fish and Seafood Imports Decline by 4%, Totaling $467 Million in 2023

Brazil Frozen Fish and Seafood Imports

Frozen fish and seafood imports into Brazil shrank rapidly to 129K tons in 2023, declining by -24.7% against the previous year. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 21%. Over the period under review, imports reached the peak figure at 274K tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports reduced modestly to $467M (IndexBox estimates) in 2023. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at $730M in 2014; however, from 2015 to 2023, imports remained at a lower figure.Brazil Frozen Fish and Seafood Imports By Country (Million USD)

COUNTRYImport Value of Frozen Fish and Seafood in Brazil (million USD)
20132014201520162017201820192020202120222023
Vietnam11614279.866.710587.967.149.769.7101102
Portugal49.260.744.644.462.065.661.450.757.363.593.5
Argentina11812292.078.510992.396.681.384.986.575.1
Chile13210775.985.767.668.370.248.750.958.368.2
Morocco33.123.47.543.758.773.667.346.645.268.427.0
China17616415294.810982.759.529.523.925.225.7
Taiwan (Chinese)20.924.312.910.313.115.316.49.711.614.517.4
Others77.485.960.373.790.386.680.256.477.769.458.9
Total723730525498615572519373421486467

Imports by Country

Vietnam (33K tons), Morocco (22K tons) and Argentina (20K tons) were the main suppliers of frozen fish and seafood imports to Brazil, together accounting for 58% of total imports. Portugal, Chile, Taiwan (Chinese) and China lagged somewhat behind, together comprising a further 27%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +5.5%), while imports for the other leaders experienced a decline.

In value terms, Vietnam ($102M), Portugal ($93M) and Argentina ($75M) were the largest frozen fish and seafood suppliers to Brazil, together comprising 58% of total imports.

Portugal, with a CAGR of +6.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Imports by Type

Frozen fish fillet (62K tons), frozen whole fish (56K tons) and molluscs (scallops, mussels, cuttle fish, squid and octopus) (8.1K tons) were the main products of frozen fish and seafood imports to Brazil, together comprising 98% of total imports. Frozen fish meat and frozen crustaceans lagged somewhat behind, together accounting for a further 2.5%.

From 2013 to 2023, the biggest increases were recorded for frozen crustaceans (with a CAGR of +32.2%), while purchases for the other products experienced mixed trend patterns.

In value terms, frozen fish and seafood with the largest imports in Brazil were frozen fish fillet ($233M), frozen whole fish ($177M) and molluscs (scallops, mussels, cuttle fish, squid and octopus) ($32M), with a combined 95% share of total imports. Frozen fish meat and frozen crustaceans lagged somewhat behind, together comprising a further 5.3%.

Import Prices by Country

In 2023, the frozen fish and seafood price stood at $3,616 per ton (CIF, Brazil), picking up by 28% against the previous year. Over the period under review, import price indicated a temperate increase from 2013 to 2023: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish and seafood import price increased by +65.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Portugal ($8,517 per ton), while the price for Oman ($884 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen fish and seafood in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10201330 - Frozen whole salt water fish
  • Prodcom 10201360 - Frozen whole fresh water fish
  • Prodcom 10201400 - Frozen fish fillets
  • Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
  • Prodcom 10201600 - Frozen fish livers and roes

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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