In Belgium, the forecast for seafood farming by fishing area reveals a steady growth trend. The value, expressed in Thousand Euros per Metric Ton, starts from 8.12 in 2024 and is expected to rise to 9.31 by 2028. This continuous increase demonstrates a growth trend with an average annual growth rate (CAGR) over the five forecasted years. The series of values from 2024 are forecasted, indicating a positive outlook for the seafood farming industry.
Key year-on-year variations include:
- From 2024 to 2025: 3.70%
- From 2025 to 2026: 3.56%
- From 2026 to 2027: 3.32%
- From 2027 to 2028: 3.28%
The longer-term CAGR over the last five years shows an average annual growth rate of approximately 3.46%, signaling robust expansion in the industry.
Trends to watch for in the future include the impact of technological advancements in aquaculture, sustainable practices, and regulatory changes. Additionally, the demand for premium seafood could further influence industry growth, along with shifts in consumer preferences towards sustainably sourced and locally farmed seafood.
