The import of live fish to Belgium stood at 14.035 million US dollars in 2023. Over the past two years, the year-on-year variation showed a steady increase, with a growth rate of 9.35% in 2022 and 3.66% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years from 2019 to 2023 was 3.6%. This indicates a steady but gradual increase in import value over recent years.
Over the decade, the import values demonstrated fluctuations with a significant drop from 2014 to 2015 but regained momentum post-2016. The forecast for the next five years reveals a predicted growth with the value estimated to reach 16.585 million US dollars by 2028, marking a forecasted 5-year CAGR of 2.68%.
Future trends to watch include:
- Potential impacts of economic conditions on import rates.
- The influence of environmental policies and sustainability practices on the supply chain.
- Changes in consumer demand and preferences for live fish in Belgium.