From 2014 to 2023, the demand for freshwater fish in Belgium, expressed in Thousand Metric Tons, has shown notable fluctuations. The highest demand was recorded in 2014 at 80.88 Thousand Metric Tons, while the lowest was during 2020 at 64.58 Thousand Metric Tons. A sharp decline was observed in 2020 due to external factors such as the pandemic, followed by a significant recovery in 2021 with a 14.19% year-on-year increase. The demand in 2023 stood at 77.28 Thousand Metric Tons, witnessing a slight decline from 2022. The 5-year CAGR up to 2023 was -0.27%, indicating a slight overall reduction.
Future trends to watch for include potential impacts of sustainability initiatives and changes in consumer preferences towards alternative protein sources. Additionally, ongoing economic conditions and regulatory changes could influence demand patterns. The forecast CAGR from 2024 to 2028 is expected to be -0.17%, indicating a continued slow decline in demand.
