The Belgian seafood market exhibited fluctuations over the last decade, with notable peaks in 2014 and 2016 and significant declines in 2017, 2019, and 2020. During this period, the market demonstrated resilience, rebounding partially in subsequent years. From 2012 to 2022, year-on-year variations ranged from -9.07% to 6.96%. The compound annual growth rate (CAGR) over the last five years reveals a decline of -2.89%, reflecting challenges in the industry.
Looking ahead, key trends to watch include changes in consumer preferences toward sustainable and locally-sourced seafood, the impact of regulatory changes, advancements in aquaculture technology, and potential disruptions from global trade dynamics. These factors could significantly influence market size and growth trajectories in the coming years.
How does Belgium rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | View data |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | View data |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | View data |
| 6 | 6 Poland | 3,745,900,000 | 2023 | +2.82% | +2.91% | View data |
| 7 | 7 Portugal | 2,982,800,000 | 2023 | +2.06% | +1.92% | View data |
| 8 | 8 Belgium | 1,049,100,000 | 2023 | +1.34% | -2.24% | |
| 9 | 9 Romania | 418,940,000 | 2023 | +4.22% | +6.82% | View data |
| 10 | 10 Austria | 260,490,000 | 2023 | +0.46% | +0.59% | View data |
