In 2023, Belgium's fisheries exports stood at 1.00 billion US dollars. From the forecasted data for 2024 to 2028, exports show a very modest upward trend, reaching 1.02 billion US dollars by 2028. The year-on-year growth between 2024 and 2025 remains flat at 0%. From 2025 to 2026, there is an increase of about 0.99%, followed by stability. The compound annual growth rate (CAGR) over this five-year period is approximately 0.5%, indicating a very slow growth trajectory.
Future trends to watch for:
- Technological advancements in sustainable fishing practices which could either boost production or impose limitations.
- Trade policies and international agreements affecting Belgium’s access to international markets.
- Environmental regulations and their impacts on fisheries harvest levels and export capacity.
- Fluctuations in global demand for seafood, which could influence export values.