Key Market Indicators
Belgian fish production is projected to remain stagnant over the next five years, maintaining its current level of approximately 220 metric tons. This marks no change in the compound annual growth rate (CAGR) for the sector. Historical data reveals a 15% year-on-year increase in Belgian fish supply since 1980. In contrast, fish consumption in Belgium is expected to decline. By 2028, consumption is forecasted to drop to around 42,000 metric tons from roughly 45,000 metric tons in 2023, averaging a 1% annual decrease. This downward trend has been observed since 2019, with the country experiencing a 1.2% year-on-year fall in demand. Belgium ranked 65th globally in fish consumption for 2023, with Greece surpassing it at 45,000 metric tons. Japan, the Philippines, and Thailand held the second, third, and fourth positions respectively in this ranking.
