Brazil is a promising market for aquaculture and fisheries. Traditionally Brazil has been one of the largest producers of poultry, beef and pork, but the country has the ambition to supply a greater volume of seafood to the global market and contribute to the achievement of FAO goals.
Exports are on the rise by 5.04% (Jan-Oct 2014 to 2015), but the sector is adapting to the price of the dollar. The 46%-high of the US Dollar x Real exchange rate from January to November 2015 led Brazil to renegotiate contracts with some of its main partners, as Chile, Argentina, Norway, China and Portugal.
Other players are waiting for the exchange rate to stabilize before they introduce new products to the Brazilian market. In the meantime, they can invest the time to obtain the necessary licenses.
The Danish producer Espersen, whose production plant is located in Lithuania, benefited from an agreement signed between the Baltic country and Brazil. The agreement opened the way for processed bacalhau from Lithuania to be traded in Brazil.
Espersen obtained permit to export fresh cod to Brazil as well. The Latin American country is not widely known consumer of fresh cod, but it could be a potential market for the product.
Fish farming in Brazil
The country has very positive conditions to develop the aquaculture activities: tropical climate, large supply of fresh water, long coast line large domestic market, developed agriculture and million hectares of reservoirs that can be used in aquaculture. Also, there are sector associations and also consultancy companies publishing market data.
Tilapia aquaculture is the most consolidated fish farming type in Brazil. Following the same trend of the general aquaculture industry, it has increased along the last 10 years, reaching a 250,000-ton production in 2013.