The following table illustrates the projected year-on-year (YoY) percentage variations in the production value of fresh haddock in capture fisheries in Belgium for the coming years:
- 2025: (1.42/1.4 - 1) * 100 = 1.43%
- 2026: (1.44/1.42 - 1) * 100 = 1.41%
- 2027: (1.45/1.44 - 1) * 100 = 0.69%
- 2028: (1.47/1.45 - 1) * 100 = 1.38%
Over the last two actual years, the variations have been consistent with moderate growth. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is around 1.32%, indicating a steady increase in production value.
Observing the forecasted data, Belgium's fresh haddock production is experiencing a gradual upward trend. Factors such as sustainable fishing practices, market demand, and environmental conditions should be closely monitored to ensure this growth trajectory continues. Integration of advanced fishing technology and compliance with EU regulations will also play a crucial role in shaping future production levels.
