Brazil: Exports of farmed fish reach US$8.7 million and grow 48% in the first quarter of 2024

Published 2024년 5월 8일

Tridge summary

Brazil's fish farming sector has experienced a significant growth in exports in the first quarter of 2024, with a 20% increase in volume and 48% increase in revenue compared to the same period in 2023. The sector has seen a rapid expansion, shipping 2,085 tons and generating US$8.7 million in revenue. Tilapia is the leading export, making up 95% of the total, with the United States being the main destination for these exports. Other species such as tambaqui and cobia were also exported. Leading the exports, Paraná state is responsible for 81% of the total, followed by São Paulo and Bahia. This growth highlights Brazil's potential in the global farmed fish market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil's fish farming sector started 2024 with promising results in exports of farmed fish. In the first quarter, international shipments had a significant increase, both in value and volume, compared to the same period in 2023. From January to March this year, the sector's trade balance recorded a significant growth of 20% in tons shipped, reaching 2,085 tons, and 48% higher revenue, reaching US$8.7 million. "We came from a year with good growth in exports and started 2024 with even better results, with an increase of almost 50% in revenue in the first three months. This scenario shows a sector in rapid expansion. In ten years, we went from 638 thousand tons per year to 887 thousand tons in 2023. Although exports still represent a small portion, the potential is enormous", said Francisco Medeiros, executive president of the Brazilian Fish Farming Association (Peixe BR). The Fish Farming Foreign Trade Newsletter, produced by Embrapa Pesca e Aquicultura in partnership with Peixe ...

Source: Portal Do Agronegocio