The value added of seafood in Belgium showed significant annual variations between 2013 and 2023. Between 2013 and 2016, there was strong growth, peaking in 2016 with a 34.39% increase. However, this was followed by a notable decline in 2017 and a continuing downward trend until 2020. Minor recovery signs appeared from 2021 with a more stable pattern up to 2023. In 2023, the value stood at 52.07 million euros, reflecting a modest 0.28% year-on-year growth.
Looking ahead, the forecasted values from 2024 to 2028 suggest minimal growth with a 5-year CAGR of just 0.1%, amounting to a 0.52 million euro increase over this period. This indicates a period of relative stagnation.
Future trends to watch for:
- Potential impacts of policy changes and trade agreements
- Fluctuations in seafood demand driven by health trends and consumer preferences
- Innovations and sustainability practices in aquaculture
