From 2013 to 2023, the production value of fishing and aquaculture in Belgium experienced significant fluctuations. The highest value reached was in 2016 at €149.0 million, showing a remarkable increase, but this was not sustained. The following years saw both declines and modest recoveries, with the 2020 pandemic impacting production negatively, dropping it to €109.64 million. The year 2021 brought a strong recovery with a 14.54% increase, and by 2023, the value stood at €132.4 million.
From 2024 to 2028, the forecast indicates a period of relative stability, with minor annual increases leading to a compound annual growth rate (CAGR) of just 0.08%. This suggests that, while some growth is anticipated, it will be marginal.
Future trends to watch for:
- Environmental and regulatory changes impacting production methods.
- Technological advancements in sustainable aquaculture.
- Market demand shifts influenced by consumer preferences for sustainable seafood.
- Potential disruptions from geopolitical or economic events.
